ECB decide on new rate setting schedule for future

EUROPE - Currency market participants welcomed Thursday the European Central Bank's decision to start limiting its interest rate decisions to once a month.

The move is designed to reduce the volatility and uncertainty that builds up before their fortnightly rate calls, ECB President Wim Duisenberg told reporters at a press conference following the ECB's decision to lower key rates by 50 basis points to 3.25%.

"It makes sense," said Ryan Shea, senior economist at Bank One in London. "There's alw

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