Will the ECB cut rates on Thursday?

Wednesday, 6 Nov 2013 | 7:01 PM ET

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The European Central Bank (ECB) will announce its monthly decision on interest rates on Thursday, with opinion divided over whether it will cut rates in response to a sharp fall in inflation.

Last week's surprisingly low inflation data sparked concerns that the 17-country euro zone is heading for a period of deflation and boosted expectations of a near-team rate cut by the central bank when its governing council meets. Inflation fell to a near-four-year low of 0.7 percent in October.

(Read more: Pressure on ECB to cut rates)

Not everyone is expecting a dramatic move this month, although a number of banks – including Societe Generale and BNP Paribas - said the inflation data boost the chances of a rate cut in December.

Vote in our poll and let us know if you think the ECB will show its dovish side this month.

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