The European Central Bank is widely expected to slow the pace of its interest rate hikes to 50 basis points on Thursday, taking cue from its peers as inflation have come off slightly in several countries on the back of a modest easing in energy prices. However, recent economic data and surveys as well as the rhetoric from ECB policymakers apparently suggest otherwise as they point to above-target inflation in the months ahead.
The central bank for the 19-nation single currency bloc is set to announce the interest rate decision at 08:15 AM ET on Thursday when rates are widely expected to be raised by 50 basis points.
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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.