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| Version 1 | Version 2 |
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| Eurozone rates held steady by ECB | |
| (10 minutes later) | |
| The European Central Bank (ECB) has voted to keep eurozone interest rates on hold at 3.25% for November, a decision that was widely expected. | The European Central Bank (ECB) has voted to keep eurozone interest rates on hold at 3.25% for November, a decision that was widely expected. |
| Analysts now expect the ECB will raise rates by one quarter of a percentage point in December, as it continues to keep a close eye on inflation. | Analysts now expect the ECB will raise rates by one quarter of a percentage point in December, as it continues to keep a close eye on inflation. |
| Although eurozone inflation fell in October to 1.6%, the ECB has already hinted further rate rises are needed. | Although eurozone inflation fell in October to 1.6%, the ECB has already hinted further rate rises are needed. |
| It is said to be concerned that lower oil costs could refuel inflation. | It is said to be concerned that lower oil costs could refuel inflation. |
| The ECB's governing council raised interest rates by one-quarter of a percentage point last month, vowing to remain "strongly vigilant" on price inflation. | |
| It has set an inflation target of 2% or below. | |
| December's expected one-quarter of a percentage point rise to 3.5% would be the sixth increase in eurozone rates during 2006. |