Monetary policy announcements from the Bank of England and the European Central Bank are due on Thursday, headlining a busy day for the European economic news.
BoE’s nine-member Monetary Policy Committee, led by Governor Mark Carney, is widely expected to keep the key rate unchanged at 0.75 percent and quantitative easing at GBP 435 billion. The announcement is due at 7.00 am ET.
The European Central Bank is also expected to maintain its refi rate at 0.00 percent and the deposit rate at -0.4 percent. The outcome of the governing council meeting is due at 7.45 am ET.
Following the meeting of the Governing Council in Frankfurt, ECB President Mario Draghi will hold his customary press conference at 8.30 am ET.
At 2.00 am ET, Destatis is slated to issue Germany’s final consumer prices for August. Final inflation is seen at 2 percent, in line with flash estimate.
At 2.45 am ET, France’s Insee publishes final consumer price data. The statistical office is expected to confirm 2.3 percent consumer price inflation for August.
At 3.15 am ET, Swiss producer and import price figures are due. Economists forecast producer and import prices to climb 3.4 percent annually in August, following July’s 3.6 percent increase.
At 3.30 am ET, Statistics Sweden is set to issue GDP data for the second quarter. The economy is forecast to grow 0.9 percent sequentially in the second quarter.
At 5.00 am ET, Greece unemployment data for the second quarter is due. The jobless rate stood at 19.1 percent in the first quarter.
At 7.00 am ET, Turkey’s central bank is set to announce its rate decision. Economists expect the bank to lift the rate sharply to 20.75 percent from 17.75 percent.