The European Central Bank will announce its rate decision at 7.45 am ET. The central bank is likely to cut its record low benchmark interest rate, known as the refi, to 0.50 percent from 0.75 percent.
The euro held steady against its major rivals ahead of the rate decision. As of 7:40 am ET, the common currency was trading at 99.0 against the yen, 1.2615 against the dollar, 0.7930 against the pound and 1.2050 against the franc.
For comments and feedback contact: editorial@rttnews.com
Business News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.