ECB leaves interest rates on hold

EUROPE - The European Central Bank has left interest rates unchanged at 3.75% on Thursday.

The ECB has cut rates only three times this year, unlike the US Federal Reserve which has made nine reductions to stimulate the economy there.

Analysts were evenly divided over whether rates would be cut or left on hold after recent weakness in the euro and falls in eurozone inflation.

"The ECB probably believes that there is insufficient data in the light of the September events to have moved just yet .