Sluggish eurozone economies will not welcome ECB’s interest rate rise

Weak consumer spending as, people - especially in Germany, the EU's largest economy - put more into savings

• ECB raises interest rates to highest level since euro launched

Interest rates went up again across the eurozone on Thursday - probably for the last time during this cycle of hikes that has become a familiar story in the single currency bloc, as it has in the UK and US.

The European Central Bank (ECB) raised its main deposit rate by a quarter of one per cent to 4% - the highest level in the euro's history.