The Monetary Policy Assessment of the Swiss National Bank is set to dominate the scene on Thursday, headlining a busy for the European economic news.
At 2.00 am ET, the Federal Statistical Office is scheduled to publish German wholesale price data for May. In the meantime, Finland's consumer price figures are due. Annual inflation is seen unchanged at 3.1 percent in May.
The Swiss National Bank is set to announce its rate decision at 3.30 am ET. The central bank is likely to retain the interest rate close to zero. Also, the SNB is expected to maintain the minimum exchange rate of CHF 1.20 per euro.
In the meantime, Dutch retail and external trade balance figures are due. Retail sales were up 2.2 percent year-on-year in March.
At 4.00 am ET, the European Central Bank is set to release its monthly report for June. The ECB had maintained its key refi rate at a record low 1 percent at the meeting held on June 6.
Eurostat is slated to release Eurozone final inflation data at 5.00 am ET. According to flash estimate, annual inflation fell to 2.4 percent in May from 2.6 percent in April. Eurozone first quarter labor cost data is also due.
Italy's BTP auction results are due at 5.10 am ET. The government aims to raise between EUR 4 billion and EUR 6 billion.
by RTT Staff Writer
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