European Central Bank expected to hold rates
No new decisions likely on Thursday. Bank will probably adopt wait-and-see attitude into the New Year
Add BT as a preferred sourceFrankfurt
THE European Central Bank is likely to hold fire on new policy moves on Thursday and leave a series of radical recent measures to take their course, despite pressure over a weak economic recovery, analysts say.
Unlike moves by the US Federal Reserve to end its stimulus spree and a surprise monetary easing plan by the Bank of Japan, ECB policymakers are expected to sit tight at their monthly meeting.
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