FRANKFURT, Germany -- The European Central Bank has left its benchmark rate unchanged at 4 percent. That decision follows the Bank of England's move to lower its own rate to 5 percent.
The ECB's decision Thursday comes amid rising inflation among the 15 nations that use the euro. Its stance puts it apart from peers such as the U.S. Federal Reserve, which has lowered rates repeatedly.
Earlier, the Bank of England cut its base lending rate by a quarter-point to 5 percent on Thursday, the lowest level in 17 months.
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