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European Economics Preview: Bank Of England Policy Announcement Due

preview sept26 17sep20 lt

The Bank of England is set to announce the outcome of its monetary policy meeting on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers' Association is slated to publish Europe's new car registration data for July/August.

In the meantime, August foreign trade data is due from Switzerland. The surplus totaled CHF 2.58 billion in July.

At 3.00 am ET, HICP figures are due from Austria and Slovakia.

At 4.00 am ET, gross wages from Poland and foreign trade from Italy are due. Economists forecast Poland's gross wages to climb 4 percent on year in August versus a 3.8 percent rise in July.

At 5.00 am ET, Eurostat is scheduled to issue euro area final consumer price data for August. According to preliminary estimate, consumer prices had dropped 0.2 percent annually, reversing a 0.4 percent rise in July.

At 7.00 am ET, the BoE releases the monetary policy summary and the minutes of the monetary policy committee meeting. Economists expect the bank to hold its key rate at a record low 0.10 percent and asset purchase programme at GBP 745 billion.

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