The interest rate decision and the minutes of the rate-setting meeting from the Bank of England is due on Thursday, headlining a busy day for the European economic news. The bank is also set to release its quarterly Inflation Report.
At 2.00 am ET, Destatis is scheduled to issue wholesale prices for April. German wholesale prices had declined 2.6 percent on a yearly basis in March.
In the meantime, Sweden's AMV unemployment data is due. The jobless rate is seen easing to 3.8 percent in April from 4 percent in March.
At 2.45 am ET, the French statistical office Insee publishes final inflation figures for April. The annual decline in consumer prices is expected to be confirmed at 0.2 percent.
At 3.00 am ET, Hungary's industrial production data is due for March. Production had declined 2.4 percent on a yearly basis in February.
Half an hour later, Statistics Sweden releases consumer prices for April. Inflation is seen rising to 0.9 percent in April from 0.8 percent in March.
At 4.00 am ET, Norway's central bank announces its interest rate decision. Economists forecast the bank to keep its key rate at 0.50 percent.
At 5.00 am ET, Eurostat is slated to issue industrial production figures for March. Eurozone output is expected to remain flat on a monthly basis in March, following a 0.8 percent fall in February.
In the meantime, Greece unemployment data is due.
At 7.00 am ET, the Bank of England is scheduled to publish interest rate decision and the minutes. The bank is widely expected to keep its key rate unchanged at a record low 0.50 percent and the asset purchase programme at GBP 375 billion ahead of the referendum on EU membership in June.
The bank is set to update its inflation and growth forecast in the Inflation Report to be published along with the rate decision.
by RTT Staff Writer
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