The outcome of the Bank of England’s rate-setting meeting and the minutes are due on Thursday, headlining a busy day for the European economic news.
At 2.45 am ET, the State Secretariat for Economic Affairs is slated to release Swiss economic forecasts.
At 4.15 am ET, Switzerland’s producer and import price figures are due. Economists forecast the producer and import price index to fall 3.9 percent annually in February following a 5.3 percent drop in January.
At 4.30 am ET, the Swiss National Bank is scheduled to release the outcome of its monetary policy meeting. The bank is likely to keep the interest rate on sight deposits unchanged at -0.75 percent, and the target range for the three-month libor between -1.25 percent and -0.25 percent.
In the meantime, Statistics Sweden publishes unemployment data for February. The jobless rate is seen falling to 7.4 percent from 7.5 percent in January.
At 5.00 am ET, Norges bank releases interest rate decision and the monetary policy report. Economists expect the bank to cut its key rate to 0.50 percent from 0.75 percent.
At 6.00 am ET, Eurostat is slated to publish final consumer prices and foreign trade data. Eurozone harmonized consumer prices are forecast to decline 0.2 percent as initially estimated in February. The trade surplus is expected to fall to a seasonally adjusted EUR 19.5 billion in January from EUR 21 billion in December.
At 8.00 am ET, the Bank of England is set to announce its interest rate decision and minutes of the meeting. The bank is set to hold its key rate at a record low 0.50 percent and asset purchase programme at GBP 375 billion.
At 9.00 am ET, industrial production, producer prices and retail sales reports are due from Poland. Production is expected to rebound 5.4 percent on a monthly basis in February, reversing an 8 percent decline in January. Economists forecast producer prices to drop 1.3 percent year-on-year after easing 1.2 percent in January.
The material has been provided by InstaForex Company – www.instaforex.com