FOREX TradingCharts.com

Financial News: European Economics Preview: Bank Of England Policy Announc

European Economics Preview: Bank Of England Policy Announcement Due

05/05/2022 - 01:39:00 (RTTNews)

(RTTNews) - The Bank of England is set to hike its key rate by a quarter-point at its monetary policy meeting, on Thursday, after the US Federal Reserve raised its benchmark rate by a half percentage point.

As UK inflation soars, the monetary policy committee is widely expected to lift the interest rate to 1.00 percent from the current 0.75 percent. The announcement is due at 7.00 AM ET.

The BoE will also publish the minutes of the meeting as well as the monetary policy report. In its quarterly forecast, the bank is likely to raise its inflation projections as commodity prices continue to surge amid the war in Ukraine.

Factory orders from Germany and industrial production from France are the other major reports due on Thursday.

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data. Economists expect orders to fall 1.1 percent on month in March, bigger than the 2.2 percent fall in February.

At 2.30 am ET, Swiss consumer price data is due. Inflation is seen at 2.5 percent in April, up from 2.4 percent in March.

At 2.45 am ET, France's Insee releases industrial production data for March. Economists expect output to climb 0.2 percent on month, reversing a 0.9 percent fall in February.

At 3.00 am ET, consumer and producer prices and factory PMI from Turkey are due. Consumer price inflation is expected to surge to 68.0 percent in April from 61.14 percent in March.

At 4.00 am ET, Norges Bank announces its interest rate decision. The bank is set to hold its rate at 0.75 percent.

Half an hour later, UK S&P/CIPS final services PMI is due. The index reading is seen at 58.3 in April, in line with flash estimate.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Jobless Rate Rises In April (55 min(s), 04 sec(s) ago)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story»

South Africa Wholesale Sales Growth Slows In March (02 hr(s), 10 min(s), 04 sec(s) ago)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story»

Malaysia Trade Surplus Falls In April (03 hr(s), 49 min(s), 04 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story»

Sweden Capacity Utilization Increases In Q1 (04 hr(s), 56 min(s), 04 sec(s) ago)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story»

Australia Jobless Rate Eases To 3.9% In April (03 min(s), 56 sec(s) ago)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story»

Japan Core Machine Orders Jump 7.6% On Year In March (46 min(s), 56 sec(s) ago)
(RTTNews) - The value of core machine orders in Japan was up 7.6 percent on year in March, the Cab ...Full Story»

Japan Has Y839.2 Billion Trade Deficit In April (36 min(s), 56 sec(s) ago)
(RTTNews) - Japan posted a merchandise trade deficit of 839.2 billion yen in April, the Ministry o ...Full Story»

New Zealand PPI Inputs +3.6% On Quarter, Outputs +2.6% In Q1 (31 min(s), 56 sec(s) ago)
(RTTNews) - Producer price inputs in New Zealand were up 3.6 percent on quarter in the first quart ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Jobless Rate Rises In April

05/19/2022 - 07:38 AM (RTTNews)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story>>

South Africa Wholesale Sales Growth Slows In March

05/19/2022 - 06:23 AM (RTTNews)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story>>

Malaysia Trade Surplus Falls In April

05/19/2022 - 04:44 AM (RTTNews)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story>>

Sweden Capacity Utilization Increases In Q1

05/19/2022 - 03:37 AM (RTTNews)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story>>

Australia Jobless Rate Eases To 3.9% In April

05/18/2022 - 21:37 PM (RTTNews)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.