The eurozone economy will recover later in 2013 and there are
already some signs of stabilisation, the European Central Bank
said on Thursday after it unanimously held interest rates at a
record low.  The ECB left rates at 0.75 per cent, following
fledgling signs of life in the eurozone economy and with
inflation still above target, and its president struck a more
optimistic tone.  "The economic weakness in the euro area is
expected to extend into 2013," Mario Draghi told a news
conference. "Later in 2013, economic activity should gradually
recover."  Last month, Draghi said there was "a wide discussion"
on reducing rates, a comment that fed expectations a cut would
soon follow.  On Thursday, the decision to keep policy on hold
was unanimous, Draghi said, because some indicators had begun to
stabilise, "albeit at low levels", while financial market
confidence had improved significantly.  The euro climbed to a
one-week high against the US dollar, safe haven German Bund
futures fell and European stocks rallied