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European Economic News

European Economics Preview: BoE Inflation Report Due

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

The Bank of England's Inflation Report and industrial production from euro area are due on Wednesday, headlining a busy day for the European economic news.

At 2.45 am ET, French current account figures for December are due. The deficit totaled EUR 1.9 billion in November.

At 3.00 am ET, the Czech Statistical Office is set to issue consumer prices for January. Annual inflation is expected to slow to 0.4 percent from 1.4 percent in December.

At 3.15 am ET, the Federal Statistical Office is scheduled to release Swiss consumer price data. Economists expect prices to rise 0.1 percent in January, the same rate as seen in December.

At 4.00 am ET, Norway's GDP data is due. The Mainland-Norway is forecast to grow 0.4 percent sequentially in the fourth quarter after rising 0.5 percent in the prior quarter.

The German Economy Ministry is set to release its half-yearly economic forecast at 5.00 am ET.

In the meantime, Eurozone industrial output data is due. Production is forecast to fall 0.3 percent month-on-month in December after rising 1.8 percent in November.

At 5.30 am ET, the Bank of England is set to release Inflation Report. Economists expect Governor Mark Carney to redefine the forward guidance based on a wide range of economic indicators instead of relying only on the unemployment rate. The report will also unveil policymakers' latest economic projections.

At 10.30 am ET, European Central Bank President Mario Draghi is set to speak in Brussels.

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