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European Economics Preview: Bank Of England Rate Decision Due

preview3 17jun20 lt

Monetary policy meetings of the Bank of England and Swiss National Bank are due on Thursday, headlining a busy day for European economic news.

Economists widely expect the monetary policy committee of the BoE to expand its quantitative easing by at least GBP 100 billion from the current size of GBP 645 billion. The interest rate is expected to remain at a record low 0.1 percent.

The BoE is scheduled to release its summary and the minutes of the meeting at 7.00 am ET.

The Swiss National Bank is expected to hold its policy rate and interest on sight deposits at -0.75 percent. The announcement is due at 3.30 am ET.

At 4.00 am ET, Italy's Istat is slated to release foreign trade data for April.

At 4.00 am ET, Norges Bank announces its rate decision. In the meantime, Statistics Poland publishes employment growth data for May.

At 5.00 am ET, the Hellenic Statistical Authority publishes unemployment data for March.

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