The European Central Bank is likely to alter the wording of its forward guidance on Thursday to give a clear signal that interest rates would be cut soon, and that policymakers are ready to add more stimulus if the euro area macroeconomic outlook deteriorates further.
Economists widely expect that rate cut to come in September in the form of a 10 basis points reduction to the deposit rate, which is already in negative territory at a record low -0.40 percent.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.