The monetary policy announcement from the European Central Bank is due on Thursday, headlining a light day for the European economic news.
The ECB is expected to take a more cautious approach than previously anticipated as the ongoing conflict in Ukraine has changed economic scenario. The outcome of the governing council meeting is due at 7.45 am ET.
The bank is set to hold its main refinancing rate at zero, the deposit rate at -0.50 percent and the marginal lending rate at 0.25 percent.
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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.