The European Central Bank on Thursday left interest rates unchanged for a fifth policy session in a row, as expected, despite concerns over a challenging global economy that is pressured by the ongoing trade wars and geopolitical conflicts.
The Governing Council, led by ECB President Christine Lagarde, held the benchmark interest rate - the deposit rate, steady at 2 percent. The refinancing rate was retained at 2.15 percent and the marginal lending rate at 2.40 percent.
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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.