European Economics Preview: Swiss National Bank Rate Decision Due

21:56, 19th September 2018

(RTTNews) - The monetary policy assessment from Swiss National Bank is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Switzerland's foreign trade data is due for August.

At 3.00 am ET, average gross wages from Hungary and consumer confidence from Turkey are due.

At 3.30 am ET, the Swiss National Bank is scheduled to release the outcome of its monetary policy meeting. The SNB is expected to hold its interest rate on sight deposits at -0.75 percent and the target range for the three-month Libor between -1.25 percent and -0.25 percent.

At 4.00 am ET, Norges Bank is set to announce its rate decision. The bank is expected to hike its key deposit rate to 0.75 percent from 0.5 percent.

At 4.30 am ET, the Office for National Statistics is scheduled to issue UK retail sales data for August. Sales, including auto fuel, are forecast to drop 0.2 percent on month in August, reversing a 0.7 percent rise in July.