ECB keeps rates at 4%

The European Central Bank's (ECB) rate-setting Governing Council held its benchmark rate at 4%. The vote contrasts with decisions in recent days to cut rates from the Bank of Canada and the Bank of England.

"If anyone had any doubts that the ECB would not succumb to the changed priority signals of the Bank of Canada and the Bank of England, then this should have put such thoughts to bed," said Marc Ostwald, a strategist at Insinger de Beaufort, a consultancy firm. "It reflects the realities of

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