The monetary policy announcements from the Bank of England and the European Central Bank are due on Thursday, headlining a busy day for the European economic news. Markets widely expect the BoE to hike its key rate later today, while the ECB to bring no changes to its policy stance.
At 2.00 am ET, consumer and producer prices are due from Turkey. Inflation is expected to surge to 46.68 percent in January from 36.08 percent in December.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.