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European Economics Preview: BoE Minutes, U.K. Claimant Count Data Due


The minutes of the Bank of England's latest monetary policy meeting and unemployment from the U.K. are the events that are set to dominate the scene on Wednesday.

At 3.30 am ET, Riksbank is scheduled to announce its interest rate decision. The repo rate is expected to remain unchanged at 1.5 percent.

At 4.00 am ET, the European Central Bank is slated to release current account figures for February. The seasonally adjusted surplus is forecast to fall to EUR 2 billion from EUR 4.5 billion in January.

Half an hour later, the Bank of England is set to publish minutes of the monetary policy meeting held on April 4 and 5.

In the meantime, U.K. claimant count data is due. The number of jobless claims is forecast to increase by 6,000 in March compared to 7,200 in February. The ILO jobless rate is seen at 8.4 percent during three months ended February.

At 5.00 am ET, Swiss economic expectations survey results are due from the Centre for European Economic Research (ZEW) and Credit Suisse.

In the meantime, Eurostat is set to release Eurozone construction output figures for February. Construction output had fallen 0.8 percent month-on-month in January.

Turkey's central bank is slated to announce its interest rate decision at 7.00 am ET. Economists expect the central bank to hold its 1 week repo rate at 5.75 percent.

Poland's gross wages data is due at 8.00 am ET. Average gross wages are expected to rise 5.3 percent month-on-month in March after falling 2.7 percent in February.

by RTTNews Staff Writer

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