logo
Plus   Neg
Share
Email

European Economics Preview: Bank Of England Rate Decision Due

preview-jun20-lt.jpg

Interest rate announcement from the Bank of England is due on Thursday, headlining a busy day for the European economic news.

At 12.30 am ET, Dutch consumer confidence, spending and unemployment figures are due.

At 2.00 am ET, the Federal Customs Administration releases Swiss foreign trade data. Watch exports figures are also due.

At 3.00 am ET, the Turkish Statistical Institute is slated to issue consumer confidence survey data for June.

At 4.00 am ET, Norges Bank is set to announce its rate decision. The bank is expected to lift its rate to 1.25 percent from 1.0 percent.

In the meantime, the European Central Bank publishes economic bulletin.

Half an hour later, the Office for National Statistics publishes UK retail sales data. Sales are forecast to fall 0.5 percent month-on-month in May, after staying flat in April.

At 7.00 am ET, the Bank of England announces the outcome of its monetary policy committee meeting. The bank is set to hold its key rate at 0.75 percent and quantitative easing at GBP 435 billion. The MPC is likely to stick to its reasonably hawkish stance.

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.

Follow RTT