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06 July 2001 17:52  ECB's Noyer says euro developments extremely satisfactory so far


Bad Homburg, Germany, July 6 (BridgeNews) - The European Central Bank's vice president Christian Noyer said euro developments have been extremely satisfactory so far. The comments come after the single currency hit a year-low of $0.8350 Thursday afternoon. Noyer also maintained that the current interest rate level was appropriate for medium-term price stability, and that the area's economic slowdown was limited and growth would remain in line with potential.
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