The European Central Bank and the Bank of England are set to leave interest rates unchanged on Thursday after their peer U.S. Federal Reserve left its interest rates unchanged for the third straight meeting a day earlier.
On Wednesday, the Federal Reserve kept the target range for the federal funds rate at 5.25 to 5.50 percent but hinted at three rate cuts in 2024.
The market focus is now shifted to the guidance on future rate path. Both the ECB and BoE are expected to lower their rates by the middle of next year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.