The Bank of England and the Swiss National Bank are widely expected to make a final quarter-point rate hike after the US Federal Reserve decided to keep the benchmark rate unchanged on Wednesday.
The Bank of England is set to end its tightening cycle with a final quarter point rate hike on Thursday as inflation slowed to an 18-month low in August. Markets expect policymakers to lift the bank rate to 5.50 percent in a three-way split vote. The announcement is due at 7.00 AM ET.
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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.