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 and the Inflation Report 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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