European Economics Preview: ECB Rate Decision Due

The interest rate decision from the European Central Bank is the major event due on Thursday. The announcement will be followed by a press conference. The governing council of the ECB is holding its June policy session in the Lithuanian capital Vilnius. The announcement is due at 7.45 am ET. The bank is expected to maintain its refi rate at 0.00 percent and the deposit rate at -0.4 percent.