The Bank of England is set to keep its monetary policy unchanged at its first rate-setting meeting of the year. The BoE simultaneously publishes the minutes of the meeting and its quarterly Inflation Report.
At 3.00 am ET, Hungary's Central Statistical Office is scheduled to issue final foreign trade for November. According to preliminary estimate, the surplus totaled EUR 908 million in November.
At 3.15 am ET, Switzerland's retail sales data is due. Sales are forecast to drop 0.7 percent annually in December, reversing a 0.9 percent rise in November.
At 4.30 am ET, Markit releases U.K. construction Purchasing Managers' survey data. Economists forecast the PMI to fall to 53.8 in January from 54.2 in December.
Half an hour later, Eurostat is slated to issue euro area producer prices. Prices are expected to climb 1.2 percent annually in December following a 0.1 percent rise in November.
At the Monetary Policy Committee meeting, the BoE is expected to hold its key interest rate at 0.25 percent and its asset purchase plan at GBP 435 billion. The announcement is due at 7.00 am ET.
The bank is likely to upgrade its growth projections as the economy ended the year 2016 on a solid footing. In November, the MPC forecast 1.4 percent growth in 2017 and 1.5 percent in 2018.
In the meantime, the Czech National Bank announces its interest rate decision. The bank is set to kep its repo rate at 0.05 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.