European Economics Preview: Bank Of England Rate Decision Due
22 March 2018 - 1:47PM
RTTF2
Interest rate announcement from the UK and business confidence
from Germany are due on Thursday, headlining a hectic day for the
European economic news.
At 3.45 am ET, the French statistical office Insee publishes
manufacturing sentiment survey results. The confidence index is
forecast to drop to 111 in March from 112 in February.
At 4.00 am ET, flash Purchasing Managers' survey data is due
from France. The composite PMI is seen at 57.0 in March versus 57.3
in February.
Half an hour later, Germany's flash PMI data is due. Economists
forecast the composite PMI to fall to 57 in March from 57.6 in
February.
At 5.00 am ET, Ifo business confidence from Germany and
composite PMI from euro area are due. The business sentiment index
is seen falling to 114.6 in March from 115.4 in February.
The Eurozone composite PMI is expected to ease to 56.8 in March
from 57.1 a month ago.
At 5.30 am ET, the Office for National Statistics releases UK
retail sales data. Sales are forecast to rise 0.3 percent on month
in February, faster than the 0.1 percent rise seen in January.
At 8.00 am ET, the Bank of England is set to announce its rate
decision and the minutes of the meeting. The bank is widely
expected to hold its key rate at 0.50 percent and the asset
purchase plan unchanged at GBP 435 billion.
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