Portugal cbank chief sees euro firming in 2001

PORTUGAL - Bank of Portugal governor Vitor Constancio on Apr 18 predicted the euro would recover from its current weakness by the end of 2001.

"Although it is sliding against other currencies, it can be foreseen that the euro should appreciate throughout the year," Constancio told a business seminar in Santa Maria da Feira, a town in northern Portugal.

Constancio added that the central bank would revise its inflation forecast for Portugal up from a current 2.9 percent following March 2001 infla

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