European stocks were moving lower on Thursday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but the latest set of projections suggested there could be at least one increase to its main rate this year.
Elsewhere, the Swiss National Bank left its policy rate unchanged at zero percent despite rising inflation.
The Bank of England is set to keep interest rates unchanged at 3.75 percent later today.
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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.