European Central Bank seen holding rates, for now


FRANKFURT, Nov 7 (Reuters) - The European Central Bank faces intense pressure to cut interest rates on Thursday but is unlikely to buckle, waiting instead to see whether a dive in inflation is sustained.

The 23-man Governing Council faces the most intense market scrutiny since it lowered rates to a record low of 0.5 percent in May, when some policymakers pushed hard for a bigger cut.

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