ECB concerned by eurozone growth prospects

The European Central Bank on Thursday fuelled speculation about a possible interest rate cut by highlighting concerns about growth across the eurozone area, although it reiterated its stance that its current monetary policy is "appropriate".

"The prevailing monetary policy stance remains appropriate to preserve a favourable outlook for price stability in the medium term," the ECB said, echoing recent comments by ECB president Wim Duisenberg.

Last week the Bank decided to keep its key interest

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