The European Central Bank is set to deliver the first hike in interest rates in 11 years on Thursday, and follow up with another such move in September, and may also provide guidance on the proposed anti-fragmentation tool.
Economists widely expect the Governing Council to raise rates by 25 basis points, as the bank announced in June.
That said, many are not ruling out a bigger than expected 50 basis points hike as the euro area inflation keeps setting new records, and many signs of slowing economic growth have surfaced recently.
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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.