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European Economics Preview: Bank Of England Set To Hold Key Rates

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The interest rate announcement from the Bank of England and the Swiss National Bank are due on Thursday.

At 3.00 am ET, the European Automobile Manufacturers' Association is scheduled to issue new car registrations data for February.

In the meantime, Statistics Norway releases foreign trade data for February. The trade surplus totaled NOK 25 billion in January.

At 4.00 am ET, producer price figures from the Czech Republic are due. Economists forecast producer prices to rise 3 percent annually in February, following a 2.1 percent increase in January.

At 4.30 am ET, the Swiss National Bank announces its interest rate decision. The bank is forecast to hold the rate on sight deposit at -0.75 percent and the target range for the three-month Libor between -1.25 percent and -0.25 percent.

At 5.00 am ET, Norway central bank's interest rate decision and monetary policy report are due. Economists forecast the bank to hold its key rate at 0.50 percent.

At 6.00 am ET, Eurostat is slated to issue final euro area consumer prices for February. Inflation is forecast to match the flash estimate of 2 percent.

At 7.00 am ET, Turkey's central bank unveils the outcome of its monetary policy committee meeting. Economists forecast the bank to hold its 1-week repo rate at 8.00 percent. The overnight borrowing rate and the overnight lending rate are expected to remain unchanged at 7.25 percent and 9.25 percent, respectively.

At 8.00 am ET, the Bank of England is set to publish the results of its MPC meeting. The bank is expected to keep its key interest rate at a record low 0.25 percent and the asset purchase plan at GBP 435 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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