ECB keeps eurozone interest rates unchanged at 1.5%

The European Central Bank (ECB) has left interest rates unchanged amid the continuing debt crisis in the eurozone.

Benchmark rates were kept at 1.5% for the second month, after being raised from 1.25% in July in an attempt to cool inflation.

ECB President, Jean-Claude Trichet, said that the euro area economy is expected to grow moderately, subject to particularly high uncertainty and intensified downside risks.