European Economics Preview: Bank Of England Rate Decision Due
09 Mayo 2018 - 9:12PM
RTTF2
Interest rate announcement from the Bank of England is due on
Thursday, headlining a busy day for the European Economic news.
The UK central bank is widely expected to hold its key rate at
0.50 percent and the asset purchase plan unchanged at GBP 435
billion. The announcement is due at 7.00 am ET. The bank will also
release the minutes of the meeting along with the summary.
At 3.00 am ET, the Czech Statistical Office releases consumer
prices for April. Inflation is forecast to rise slightly to 1.8
percent from 1.7 percent in March. In the meantime, Hungary's
foreign trade data is due.
At 4.00 am ET, Italy's Istat is scheduled to issue industrial
production figures. Economists forecast output to rise 0.5 percent
on month in March, offsetting February's 0.5 percent decrease.
Half an hour later, the Office for National Statistics publishes
UK industrial and construction output figures and visible trade
data. Industrial output is expected to grow 0.2 percent on month in
March following a 0.1 percent rise in February.
The UK visible trade deficit is seen at GBP 11.3 billion versus
a shortfall of GBP 10.2 billion in February.
At 5.00 am ET, consumer prices and unemployment figures are due
from Greece.
At 7.00 am ET, the National Institute of Economic and Social
Research is set to issue UK GDP estimate for three months to
April.
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