US keeps interest rates unchanged

US - The US central bank, the Federal Reserve, has left interest rates unchanged Wednesday at 1.75%, saying signs for an economic recovery were "promising".

The decision - widely anticipated by Wall Street - was prompted by a slew of positive economic data suggesting that the US economy was recovering quickly from a slump in the second half of 2002.

The Federal Reserve said "signs that weakness in demand is abating and economic activity is beginning to firm have become more prevalent".