The European Central Bank raised its three key interest rates by a quarter basis point on Thursday, as widely expected, with policymakers assessing that the inflation outlook in the euro area remained "too high for too long" and ECB President Christine Lagarde signaled more rate hikes ahead.
The Governing Council raised the main refinancing rate, or refi, by 25 basis points at 3.75 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.