Economic calendar: BoE rate decision and US data

 

While the markets digest the overnight FOMC projections and press conference, investors now put their focuses on the Bank of England monetary policy decision and US data due out later today. Analysts expect that BoE will leave interest rates unchanged at their record low of 0.1% and that the central bank will maintain its bond buying programme at £745bn ($966.6bn). Expectations of a lack of action come despite recent data pointing to a slowdown in the UK’s nascent economic recovery and inflation far undershooting the Bank of England’s target. Oil traders should stay on guard in the afternoon as the OPEC committee meeting today will take place today in Vienna amid reported concerns over the UAE’s non-compliance last month.

 

10:00 am BST – EU Core Harmonised Index of Consumer Prices (Aug). Expected:0,4% y/y. Previous: 1,2% y/y
10:00 am BST – EU Harmonised Index of Consumer Prices  (Aug). Expected:-0,2% y/y. Previous: 0,4% y/y
10:00 am BST – EU Core Harmonised Index of Consumer Prices  (Aug). Expected: -0,5% m/m. Previous: -0,3% m/m
10:00 am BST – EU Harmonised Index of Consumer Prices  (Aug). Expected:-0,4% m/m. Previous:  -0,4% m/m
12:00 pm BST - BoE Rate Decision (Sep). Expected: 0,1%. Previous: 0.1%
1:30 pm BST – US Philadelphia Fed Manufacturing Index (SEP). Expected:15.0. Previous: 17.2
1:30 pm BST – US Housing Starts (AUG). Expected: 1.478M. Previous: 1.496M
1:30 pm BST – US Building Permits (AUG). Expected: 1.523M. Previous: 1.495M
1:30 pm BST – US Weekly Jobless Claims. Expected:850K. Previous:884K