European Economic News

European Economics Preview: SNB Rate Decision Due

The interest rate decision from the Swiss National Bank is the major event due on Thursday.

At 3.00 am ET, Statistics Finland is slated to release consumer price figures for February. In January, annual inflation was 1.6 percent.

At 4.00 am ET, retail sales are due from the Czech Republic and Spain. Czech retail sales are expected to drop 2.2 percent year-on-year in January, following a 5.1 percent fall in December. Economists forecast Spain's retail sales to fall 11.1 percent in January from a year ago.

The Swiss National Bank is set to announce its interest rate decision at 4.30 am ET. The central bank is expected to maintain its minimum exchange rate of CHF 1.20 per euro and the target range for the three-month Libor at 0.0-0.25 percent.

In the meantime, Dutch retail sales and Sweden's unemployment figures are due. Sweden's jobless rate is expected to remain unchanged at 8.4 percent in February.

At 5.00 am ET, Norges Bank is scheduled to announce its interest rate decision. The bank is widely expected to leave its key rate unchanged at 1.5 percent.

At 6.00 am ET, Eurostat is set to publish Eurozone's fourth quarter employment data.

by RTTNews Staff Writer

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