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Mon 04 Apr 2007ECB set to postpone rate increaseThe president of the European Central Bank (ECB), Jean-Claude Trichet, made it clear last week that the ECB will continue to take a tough stance on inflation and will do "what is necessary to ensure price stability".However, borrowers will be glad to know that the ECB governing council is expected to hold off on an interest rate rise when it meets on Thursday, although they should prepare to feel the pinch in June when rates are likely to rise 4 per cent.