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Financial News: European Economics Preview: BoE Rate Decision Due

European Economics Preview: BoE Rate Decision Due

09/19/2019 - 00:24:00 (RTTNews)

(RTTNews) - 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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