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Investing.com -- European Central Bank Vice President Luis De Guindos said Friday that Euro zone economic growth has been better than the ECB expected, despite remaining sluggish.
"We have news that is not too good, but not too bad either, regarding economic growth, better than we expected," De Guindos told a Spanish event.
The ECB official noted that current interest rates remain at an appropriate level based on the latest economic data and indicators.
"We consider the interest rate level to be appropriate based on the information we have available and the indicators we are seeing," he said.
De Guindos also stated that risks to growth in the Euro zone are currently balanced.
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