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European Central Bank holds interest rates at 4% in split decision

Some policymakers backed cut at Thursday’s meeting as bank signals it will consider such a step in June

The European Central Bank held interest rates at all-time highs on Thursday signalled it was considering a cut at its next meeting in June.

The ECB said after its governing council met in Frankfurt that its benchmark deposit rate would stay at 4 per cent until rate-setters were sure price pressures had stabilised.

But some policymakers favoured an immediate cut.

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