A much-talked about review of the European Central Bank's strategy is set to garner the limelight in the latest rate-setting meeting on Thursday that is expected to give little in terms of changes in the monetary policy stance or forward guidance.
ECB President Christine Lagarde will likely announce the official start of the strategy review in her second policy meeting. Such a process was undertaken last in 2003. The latest review is expected to conclude by the end of this year.
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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.