ECB Keeps Rates Unchanged

Today Europeon Central Bank has kept it's interest rates unchanged amid concerns of rising inflation and slowing economic growth along with sharply rising agri and energy prices. Also US fed has indicated it's reluctance to further cut the rates. Inflation is on a rise globally primrarily due to excessive cheap money led asset inflation and relentless greed to consume more and more natural commodities. Stocks across the major economies are on a corrective phase and this trend will continue for some time unless some clarity emerges from US on extent of damage to credit markets and some cooling of crude oil from it's highs.