ECB won't follow Fed on rates - Duisenberg

Speaking on German TV, Wim Duisenberg said euro zone interest rates were currently appropriate and that the ECB would not follow the lead of the US Federal Reserve by cutting interest rates soon.

Source: Reuters

The president of the European Central Bank, Wim Duisenberg, has suggested that the ECB would not follow the lead of the US Federal Reserve by cutting interest rates soon.

In an interview with German television, Duisenberg said that euro zone interest rates were currently appropriate. The