FOREX TradingCharts.com

Financial News: European Economics Preview: BoE Likely To Hike Rates

European Economics Preview: BoE Likely To Hike Rates By 75 Bps

11/03/2022 - 00:49:00 (RTTNews)

(RTTNews) - The Bank of England is set to join its global counterparts on Thursday with a 75 basis point rate hike.

Markets widely expect the BoE to raise the Bank Rate to 3.00 percent from 2.25 percent. This would be the biggest hike since 1989. The announcement is due at 8.00 AM ET.

The BoE is also scheduled to release its monetary policy report that provides the monetary policy committee's economic analysis and inflation projections.

On Wednesday, the U.S. Federal Reserve had lifted its benchmark rate by 75 bps for the fourth straight meeting but signaled more moderate moves ahead.

Other than the monetary policy decision, unemployment from Spain and euro area and final services Purchasing Managers' survey results from the UK are due today.

At 4.00 am ET, Spain's labor office publishes monthly unemployment data for October.

At 5.00 am ET, unemployment figures are due from Italy. Economists expect the jobless rate to remain unchanged at 7.8 percent in September.

In the meantime, Norges Bank announces its monetary policy decision. The bank is forecast to lift its key rate to 2.75 percent from 2.25 percent. At 5.30 am ET, UK S&P/CIPS final services Purchasing Managers' survey results are due. The services PMI is seen at 47.5 in October, unchanged from the flash estimate, and down from 50.0 in September.

At 6.00 am ET, Eurostat is slated to issue euro area unemployment data. The jobless rate is forecast to remain at 6.6 percent in September.

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


Will Germany Avoid A Recession On Industrial Resilience? (09 min(s), 37 sec(s) ago)
(RTTNews) - Germany industrial production dropped only slightly in October despite the sharp weakn ...Full Story»

Norway Industrial Production Falls For Second Month (38 min(s), 37 sec(s) ago)
(RTTNews) - Norway's industrial production fell for the second consecutive month in October as ...Full Story»

Swiss Jobless Rate Rises As Expected In November (01 hr(s), 17 min(s), 37 sec(s) ago)
(RTTNews) - Switzerland's unemployment rate increased slightly in November, in line with expec ...Full Story»

Thailand Inflation Slows On Food Price Fall (01 hr(s), 46 min(s), 37 sec(s) ago)
(RTTNews) - Consumer price inflation in Thailand eased for the third month in a row in November am ...Full Story»

UK House Prices Fall Most In Over 14 Years Amid Cost Of Living Crisis, Recession Worries (02 hr(s), 02 min(s), 37 sec(s) ago)
(RTTNews) - UK housing market continued to slow in November as house prices decreased for a third ...Full Story»

China Exports & Imports Hurt By Zero Covid Policy, Weaker Demand (03 hr(s), 11 min(s), 37 sec(s) ago)
(RTTNews) - China's exports and imports fell more than expected in November as strict Covid re ...Full Story»

European Economics Preview: Germany Industrial Output Data Due (03 hr(s), 22 min(s), 37 sec(s) ago)
(RTTNews) - Industrial production from Germany and revised quarterly national accounts from the eu ...Full Story»

Japan Leading Index Rebounds In October (03 hr(s), 21 min(s), 37 sec(s) ago)
(RTTNews) - Japan's leading index improved more than expected at the start of the fourth quart ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Will Germany Avoid A Recession On Industrial Resilience?

12/07/2022 - 04:34 AM (RTTNews)
(RTTNews) - Germany industrial production dropped only slightly in October despite the sharp weakn ...Full Story>>

Norway Industrial Production Falls For Second Month

12/07/2022 - 04:05 AM (RTTNews)
(RTTNews) - Norway's industrial production fell for the second consecutive month in October as ...Full Story>>

Swiss Jobless Rate Rises As Expected In November

12/07/2022 - 03:26 AM (RTTNews)
(RTTNews) - Switzerland's unemployment rate increased slightly in November, in line with expec ...Full Story>>

Thailand Inflation Slows On Food Price Fall

12/07/2022 - 02:57 AM (RTTNews)
(RTTNews) - Consumer price inflation in Thailand eased for the third month in a row in November am ...Full Story>>

UK House Prices Fall Most In Over 14 Years Amid Cost Of Living Crisis, Recession Worries

12/07/2022 - 02:41 AM (RTTNews)
(RTTNews) - UK housing market continued to slow in November as house prices decreased for a third ...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.