The European Central Bank is set to adopt a wait-and-see approach on Thursday ahead of looming tariff deadline.
Markets expect the ECB to hold the deposit facility rate at 2.00 percent after cutting it by a quarter basis points each in every rate-setting session since September.
The announcement is due at 8.15 am ET. Following the governing council meeting in Frankfurt, ECB Chief Christine Lagarde holds press conference at 8.45 am ET.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.