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The European Central Bank is all but certain to keep rates on hold again on Thursday as traders waver on whether it will resume easing next year.

Renewed U.S.-China trade tensions have prompted caution in markets but policymakers have not seen enough data since September to move the dial, economists reckon.

Here are five key questions for markets:

1/ What will the ECB do this week?

Hold rates at 2% for the third meeting in a row.

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Not much has changed since September, when policymakers said the bloc's economy remained in a "good place". They are yet to see the full impact of U.S. tariffs and the euro, whose 12% rise this year risks driving inflation down, has dropped.

"This is just an interim meeting. The more

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