Eurozone interest rates unchanged

EUROPE - The European Central Bank (ECB) has left its key interest rate unchanged at 3.25%.

The decision had been widely predicted by financial market professionals.

The outgoing ECB president, Wim Duisenberg, who earlier on Thursday said he will stand down this year, predicted that the eurozone economies is set for a gradual recovery this year.

"Monetary developments thus far do not indicate risks to price stability," Mr Duisenberg said.

"This assessment of low inflationary risks is also suppo