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European Economics Preview: Swiss National Bank Rate Decision Due

preview jun12 lt

The interest rate announcement from the Swiss National Bank is due on Thursday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is set to issue quarterly Swiss economic forecasts.

At 2.00 am ET, Destatis releases Germany's final inflation data. Consumer price inflation is seen at 1.4 percent in May, unchanged from flash estimate.

At 2.30 am ET, Swiss producer and import price data is due. Producer and import prices are forecast to drop 0.7 percent on year in May, following a 0.6 percent fall in April.

At 3.30 am ET, monetary policy assessment of Swiss National Bank is due. The bank is expected to hold its interest on sight deposits 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, Eurostat publishes industrial production data for April. Eurozone output is expected to drop 0.5 percent on month in April after falling 0.3 percent in March.

In the meantime, Greece first quarter unemployment data is due. The jobless rate was 18.1 percent in the fourth quarter.

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