As widely expected, the European Central Bank retained its benchmark interest rate at 0.75 percent and the deposit facility rate at 0.0 percent.
The euro held steady against its major opponents following the rate decision. As of 7:47 am ET, the euro was trading at 127.0 against the yen, 1.2320 against the Swiss franc, 0.8635 against the pound and 1.3565 against the dollar.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.