Euro recovery likely to continue, says ECB

European Central Bank President Mr Wim Duisenberg reaffirmed Dec 29 that ECB interest rates were on hold for some time and said the euro's recovery was likely to continue. Mr Duisenberg said that the risks to price stability were not very "concrete" at present and therefore did not allow any firm conclusions.

"There are good reasons for the expectation that the recovery of the euro will continue," he said. The euro ended at $0.9257 yesterday as a result of recent evidence of an economic slowdo