The European Central Bank left its key interest rate unchanged on Thursday, as expected, and raised the euro area growth projection for this year while inflation forecasts were stable.The Governing Council, led by ECB President Christine Lagarde, held the deposit rate steady at 2.00 percent. The refinancing rate was left unchanged at 2.15 percent and the marginal lending rate at 2.40 percent.Euroz...
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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.