European Economics Preview: Bank Of England Rate Decision Due



European Economics Preview: Bank Of England Rate Decision Due

Interest rate announcement from the Bank of England is due on Thursday. The Swiss National Bank is also set to announce its monetary policy assessment.

The BoE is widely expected to keep its interest rate at a record low 0.25 percent and asset purchase plan unchanged at GBP 435 billion.

At 2.00 am ET, the European Automobile Manufacturers' Association is scheduled to issue Europe's new car registrations for August. Sales had increased 2.1 percent in July.

In the meantime, Statistics Finland publishes consumer price data.

At 2.45 am ET, France's final inflation data is due. Final inflation for August is seen at 0.9 percent, unchanged from preliminary estimate.

At 3.30 am ET, the Swiss National Bank is set to publish the outcome of its monetary policy meeting. The bank is expected to hold the interest rate on sight deposits at -0.75 percent and the target range for the three-month Libor between -1.25 percent and -0.25 percent.

Sweden's unemployment data is due for August. The jobless rate is forecast to fall to 6.4 percent in August from 6.6 percent in July.

At 5.00 am ET, Greece unemployment data is due for the second quarter. The jobless rate stood at 23.3 percent in the first quarter.

At 7.00 am ET, the Bank of England releases the outcome of its monetary policy meeting as well as minutes.

In the meantime, Turkey's central bank announces its rate decision. The bank is forecast to hold its benchmark rate at 8.00 percent.

SOURCE



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