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European Economics Preview: BoE Rate Decision In Focus

European Economics Preview: BoE Rate Decision In Focus
4/5/2012 2:08 AM ET

The interest rate decision from the Bank of England is the major event that is set to dominate the scene on Thursday.

The Federal Statistical Office is slated to issue Swiss consumer price data at 3.15 am ET. Economists expect consumer prices to fall 1.1 percent year-on-year in March, after easing 0.9 percent in February.

At 3.30 am ET, Dutch inflation data for March is due. EU harmonized inflation remained unchanged at 2.9 percent in February.

At 4.30 am ET, the Office for National Statistics is set to release U.K. industrial output figures. Industrial output is forecast to rise 0.4 percent on a monthly basis after falling 0.4 percent in January. Manufacturing output is expected to edge up 0.1 percent.

The French government aims to raise a maximum of EUR 8.5 billion from the long-term bond auction. The results of the issue are due at 4.50 am ET.

The Federal Ministry of Economy and Technology is scheduled to publish German industrial output at 6.00 am ET. Economists forecast industrial production to drop 0.5 percent month-on-month in February.

The Bank of England is set to announce its monetary policy decision at 7.00 am ET. Policymakers are likely to maintain its GBP 325 billion bond purchases. The central bank is also seen holding its 0.050 percent record low interest rate.

by RTT Staff Writer

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