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European Economics Preview: SNB Set To Hold Rates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Interest rate decision from the Swiss National Bank along with employment data from France are due on Thursday, headlining a moderate day for European economic news.

At 2:45 am ET, the French statistical office INSEE is scheduled to release its revised non-farm employment figures for the December quarter. Employment is forecast to drop 0.4% sequentially, confirming the preliminary estimate.

Simultaneously, the country's Budget Ministry is slated to release budget balance figures for January. The budget deficit is seen at EUR 140 billion in January, up slightly from EUR 138 billion in the previous month.

At 3:00 am ET, the Czech Statistical Office is expected to release revised GDP data for the December quarter. Preliminary estimates showed that the economy contracted 0.6% sequentially.

In the meantime, consumer price inflation figures are due from Hungary's Central Statistical Office. Year-on-year, the consumer price index is seen rising 6.1% in February, slower than the 6.4% increase in the previous month.

Trade data is also due at the same time from the statistical office. A trade surplus of EUR 203 million is seen in January, down from the EUR 375.4 million surplus in December.

At 3:30 am ET, Statistics Denmark is set to release trade data for January. A trade surplus of DKK 5.7 billion is forecast, narrower than the DKK 6.2 billion surplus in the prior month.

Elsewhere, consumer price inflation statistics for February are due from Statistics Sweden. Economists tip consumer prices to rise by 0.5% on a monthly basis and by 1.1% on a yearly basis. January retail sales numbers are also due from the statistical agency at the same time.

At 4:00 am ET, the European Central Bank is expected to release its monthly bulletin.

Half an hour later, the GfK NOP research group is set to release its inflation expectations data for the U.K.

Finally at 8:00 am ET, the Swiss National Bank is scheduled to announce its interest rate decision. Economists expect the key rate to be held at 0.25%.

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Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.