Eurozone inflation remains high
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Record oil and food prices kept eurozone inflation at 3.1% in December, says the European Central Bank.
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Business & money: House prices in Spain have risen at a faster pace than anywhere else in the eurozone.
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The European Central Bank keeps its key interest rate on hold at 3.5%, but hints that it may go up next month.
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The euro rose to a new all-time high of $1.3467 in early trading in London this morning. The single currency later fell back slightly to $1.3452.
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The British pound struck a fresh 26-year high point on inflation concerns Tuesday while the euro hovered around its record peak against the dollar.
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European inflation is confirmed at a six year high on high food prices.
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Sterling was steady despite news that UK inflation is running above the path previously projected by the Bank of England, suggesting that the door has not closed on the possibility of another interest rate hike this year.
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Zimbabwe's inflation rate continues its upward surge, reaching a record high of 1,204.6% in August.
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Citing a risk of higher inflation, the European Central Bank raised its interest rate to 3.25 percent.
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UK inflation accelerates to its highest for almost a decade, increasing the chances of an interest rate rise next year.
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holding off inflation worries for another month - though economists warned higher prices may be on the way. Prices paid by businesses fell
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European finance ministers said they won&#39;t attempt to halt the euro&#39;s rise, saying the currency&#39;s jump to an eight-month high is unlikely to derail the recovery and will prevent record oil prices from spurring inflation.
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House price growth remains strong despite concerns about interest rate rises, Land Registry figures indicate.
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The European Central Bank is widely expected to keep eurozone interest rates on hold at 4%..
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Business confidence in Germany remains close to its highest levels in 15 years, according to a new survey which confirms that the recovery of the eurozone&#039;s biggest economy remains on track despite concerns about the strong euro and high oil prices.
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FRANKFURT - Surging oil prices and the strength of the euro, currently at an all-time high around 1.32 dollars, are currently weighing on business morale in Germany, the eurozone&#39;s biggest economy, a new poll showed.
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The European Central Bank will not hesitate to act to stop higher oil and food prices driving broader inflation, President Jean-Claude Trichet told a European Parliament committee on Wednesday.