A girl aged 15 years presented with a 4-month history of recurrent crusted lesions on her forehead (Figure). According to her mother, the initial lesions were blackheads from her acne. She had occasional breakouts, which evolved into more…
The European Central Bank kept interest rates on hold on Thursday for the third meeting in a row despite concerns that a modest economic recovery across the eurozone will fuel inflation.
The ECB kept its key deposit rate at 2% despite annual price growth rising to 2.2% across the 20-member euro bloc in September, up from 2% in August and 1.7% a year earlier.
In the 27-member EU, annual inflation was 2.6% in September, up from 2.4% in August, according to Eurostat.
The eurozone economy expanded by 0.2% in the third quarter from the previous three months, according to preliminary data from the European Commission published on Thursday.
The increase was higher than the 0.1% City analysts expected of 0.1%, with the rise driven mainly by strong performances in Spain, which expanded by 0.6%, and a 0.5% increase in France.
The ECB rate decision follows a divergence across the eurozone in prices growth, which the central bank is expected to maintain at about 2%.
Cyprus kept inflation at zero, while it increased modestly to 1.1% in France and 1.8% in Italy and Greece. However, Romania reported an inflation rate of 8.6%, to add to Estonia’s 5.3% and Slovakia’s 4.6%.
The ECB has said it is concerned by the high level of inflation from services, food and energy. However, it has trimmed its main deposit rate to 2% over the past year and a half – about half the rate in the UK and US.
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