European Economics Preview: BoE Rate Decision Due
19 September 2019 - 10:24AM
RTTF2
Interest rate announcements from the Bank of England and the
Swiss National Bank are due on Thursday, headlining a busy day for
the European economic news.
At 3.30 am ET, the Swiss National Bank is set to announce its
quarterly monetary policy assessment. The bank is expected to hold
its new policy rate at -0.75 percent.
At 4.00 am ET, the Eurozone current account data is due for
July. The surplus totaled EUR 18.4 billion in June.
In the meantime, Norges bank announces its rate decision. The
bank is expected to hold its key rate at 1.25 percent. Also,
industrial production and producer prices are due from Poland.
At 4.30 am ET, the Office for National Statistics is scheduled
to issue UK retail sales data. Economists forecast sales to remain
flat on month in August, following a 0.2 percent rise in July. At
7.00 am ET, the Bank of England is set to leave its key interest
rate unchanged at the final policy session ahead of the Brexit
scheduled on October 31. Policymakers are likely to retain the
interest rate at 0.75 percent and quantitative easing at GBP 435
billion.
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