European Economics Preview: Bank Of England Monetary Policy Decision Due
(RTTNews) - The monetary policy announcement from the Bank of England is due on Thursday, headlining a light day for the European economic news.
The BoE is expected to raise its benchmark rate by 50 basis points to 1.75 percent, combat high inflation and the cost of living crisis. The bank is scheduled to issue the monetary policy summary and the minutes to the monetary policy committee meeting at 7.00 am ET.
Other statistical reports for the day are as follows
At 2.00 am ET, Destatis is slated to issue Germany's factory orders for June. Economists forecast orders to fall 0.8 percent on month, reversing a 0.1 percent rise in May.
At 3.30 am ET, S&P Global releases Germany's construction Purchasing Managers' survey data for July.
At 4.30 am ET, UK S&P/CIPS construction PMI data is due. The index is forecast to fall to 52.0 in July from 52.6 in June.
At 8.30 am ET, Czech National Bank announces its interest rate decision. The bank is set to hold its key rate at 7.00 percent.
Swiss Market Ends Marginally Up
European Stocks Close Weak
Canadian Stocks Turning In Mixed Performance; TSX Down Marginally
U.S. Pending Home Sales Fall More Than Expected In July
Eurozone Economic Confidence Weakens In August
Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners
U.S. Economy Surges More Than Previously Estimated In Q2
