The European Central Bank is set to leave its monetary policy unchanged on Thursday in the first meeting chaired by its new chief, Christine Lagarde, and markets will be closely watching how she communicates the message from the central bank on the euro area economy amid sluggish growth and low inflation. The ECB is widely expected to leave interest rates and stimulus measures unchanged, and reaffirm its forward guidance, following the Governing Council session.
Former French finance minister Lagarde came to the helm at the ECB after Mario Draghi's term ended on October 31.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.