Note

European Economics Preview: Bank Of England Policy Announcement Due

· Views 393
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.

 

 

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

BOE clearly suggested it may consider adopting negative rates framework for the first time in its history to battle the economic impact of the coronavirus and a potential no-deal Brexit.

-THE END-