Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
The European Central Bank (ECB) held interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely expected.
The shared currency was largely unfazed post ECB policy meeting. Markets now focus on ECB President Christine Lagarde's remarks at the post-meeting press conference for cues about a potential withdrawal of monetary accommodation.
Market Reaction: (1235 GMT)
EUR/USD: 0.07% lower at 1.1594
EUR/GBP: 0.05% lower at 0.8434
EUR/JPY: 0.24% lower at 131.72
EUR/CHF: 0.08% higher at 1.0648
