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The head of the IMF Dominique Strauss-Kahn believes the real problem of the euro, as well as being overvalued, is the all powerful position of the European Central Bank.
The European Central Bank is expected to hold interest rates for the 15-nation eurozone at its meeting on Thursday, but policymakers face a twin threat of inflation and slowing growth, analysts say.
China's central bank governor said Thursday there remained room for hiking interest rates despite the growing spread compared with US rates, amid deep concerns in Beijing over inflation.
The Bank of England was widely expected to hold interest rates unchanged at 5.25 percent later Thursday following a two-day meeting.
The European Central Bank held its main interest rate steady at 4.00 percent on Thursday, as expected amid high inflation and despite slowing economic growth.
The Bank of England on Thursday kept its key interest rate at 5.25 percent as the central bank opted for a wait-and-see approach to rising inflation and slowing growth.
The Bank of England on Thursday froze its key lending rate at 5.25 percent, with analysts saying inflation risks had persuaded the bank not to cut borrowing costs again.
The European Central Bank held its main interest rate steady at 4.00 percent on Thursday, as widely expected, as it cut its growth forecasts but raised its inflation projections.
ECB president Jean-Claude Trichet made it clear Thursday the European Central Bank's job was to keep prices in check and signalled he was in no rush to cut interest rates amid slowing growth and rising inflation.
The European Central Bank said Tuesday that it would hold a quick tender worth 3.5 billion euros (5.4 billion dollars) to offset a liquidity shortage.
"The redesigned five-dollar bill's enhanced security features help ensure we stay ahead of counterfeiters and protect your hard-earned money," Federal Reserve Board official Michael Lambert said at a ceremony to launch the new bill.