The European Central Bank has raised its main lending rate in the 15-nation eurozone by a quarter of a percentage point to 4.25 percent in an attempt to control inflation.
The move comes despite worries in some quarters that it could dampen growth. At a press conference in Frankfurt, ECB president Jean-Claude Trichet tried to allay those fears saying that the fundamentals of Europe's economy ''are sound''. However, he warned that the uncertainty surrounding economic activity in the eurozone remains high.
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