The European Central Bank, Bank of England, Riksbank and Norges Bank all meet on Thursday.
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Investors are gearing up for the last interest-rate decisions of 2025, with four of Europe’s central banks announcing their monetary policies and macroeconomic outlooks on Thursday.
The European Central Bank, Bank of England, Riksbank, and Norges Bank are all meeting, but only one of them is expected to change its rate.
This is what to expect:
The ECB is expected to keep rates on hold, with recent economic data not pointing to an adjustment.
The ECB, Norges Bank, and Riksbank all held while the BOE cut as expected. But there are hints of what lies ahead.
One policymaker said officials were worried about a "layer cake of shocks."
It is the central bank's first interest rate hold this year, as inflation settles around its 2% target.
While the central bank is more likely to hold rates than not, it's not a given, according to economists.
Top ECB board members told CNBC this month that the easing cycle is close to, or at its end.
The 25 basis point interest rate cut had been widely priced in by markets ahead of the ECB's decision.
