European Economics Preview: ECB, BoE Decisions In Focus

European Economics Preview: ECB, BoE Decisions In Focus

The European Central Bank and the Bank of England are set to announce their monetary policy decisions later today. Both banks are expected to leave key interest rates unchanged.

At 3.15 am ET, the Federal Statistical Office is slated to release Swiss industrial output data for the second quarter.

Statistics Netherlands is scheduled to issue consumer prices for September. Annual inflation is forecast to rise to 2.5 percent from 2.3 percent in August.

Spain's government aims to raise between EUR 3 billion and EUR 4 billion from the issue of securities maturing 2014, 2015 and 2017. The treasury is set to release the details of the auction at 4.30 am ET.

France targets to secure a maximum of EUR 8 billion from OAT auctions. The results are due at 4.50 am ET.

The Monetary Policy Committee of the Bank of England is widely expected to maintain the asset purchase programme unchanged at GBP 375 billion and the key interest rate at a historic low of 0.50 percent. The announcement is due at 7.00 am ET.

The European Central Bank's governing council meets in Ljubljana, Slovenia. The central bank is seen holding its interest rate at 0.75 percent. The ECB will announce the decision at 7.45 am ET.

ECB President Mario Draghi will hold a regular press conference at 8.30 am ET. Economists expect him to refrain from further policy easing this month.