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2014.07.1003:19:00UTC+00BoE Rate Decision And French Consumer Prices On Tap For Thursday

The Bank of England's interest rate decision and French consumer prices and industrial production data are some of the economic data that are scheduled for release on Thursday.

At 7 am ET, the Bank of England is scheduled to announce its interest rate decision and total asset purchase facilities, or APF. The Monetary Policy Commission is expected to retain the benchmark interest rate at 0.5 percent and the APF is estimated to remain at GBP 375 billion in July.

At 2:45 am ET, French Statistical Institute INSEE is scheduled to release the country's consumer prices report. Consumer prices are expected to rise 0.7 percent year-over-year in June, the same rate as in May. On a month-over-month basis, prices are estimated to increase 0.2 percent in June after remaining unchanged in May. The harmonised index for consumer prices, or HICP, is forecast to grow 0.8 percent, also at the same rate as in May. Annually, the HICP is estimated to increase 0.1 percent following the stagnant figure in May.

Around the same time, INSEE is also expected to release French industrial production report. Production is forecast to decline 1 percent year-on-year but rise 0.2 percent month-on-month in June after the annual decline of 2 percent and the month-on-month increase of 0.3 percent in May. Manufacturing production is expected to rise 0.8 percent year-on-year in June after remaining unchanged in May. On a month-over-month basis, manufacturing production is forecast to remain stagnant following the 0.3 percent growth in May.

At 3 am ET, the Romanian National Institute of Statistics will release the nation's consumer prices report. Consumer prices are expected to increase at a slower rate of 0.8 percent in June following the 0.9 percent growth in May. On a month-on-month basis, prices are expected to remain unchanged in June as in May.

The Romanian National Institute of Statistics is also due to release Romania's industrial output report and the trade balance report for May. In April, industrial output grew 5.9 percent year-on-year but declined 0.3 percent month-on-month. A trade deficit of EUR 634.6 million was recorded in April.

At 3:30 am ET, Statistics Netherlands is scheduled to release consumer prices and industrial production reports, both for June. In May, consumer prices grew 0.8 percent year-on-year but fell 0.3 percent month-on-month. The annual HICP inflation is expected to quicken to 0.2 percent in June form 0.1 percent in May and the month-on-month HICP is forecast tor fall 0.5 percent in June, the same rate of decline as in May. Industrial production is expected to increase 0.3 percent month-on-month in June following the 2.3 percent rise in May. Annually, industrial production grew 2.1 percent in May.

Around the same time, Statistics Sweden will release its consumer prices report. Consumer prices are expected to remain stagnant year-on-year and month-on-month in June following the 0.2 percent year-on-year fall and the 0.1 percent month-on-month rise in May. Core consumer prices are forecast to rise 0.5 percent year-over-year in June following the 0.4 percent growth in May. Compared to the previous month, core prices are estimated to remain unchanged month-on-month in June after the 0.1 percent increase in May.

The Italian institute of statistics ISTAT is due to release the country's industrial production data at 4 am ET. Production is estimated to grow 0.2 percent month-on-month in May following the 0.7 percent increase in April.

Around the same time, Statistics Norway is scheduled to release its consumer prices and its producer prices reports. Annual consumer prices inflation is expected to quicken to 1.9 percent in June from 1.8 percent in May and core prices inflation is estimated to increase to 2.4 percent in June from 2.3 percent in May. On a month-on-month basis, consumer prices are forecast to decline 0.1 percent in June, reversing the 0.1 percent rise in May and core consumer prices are estimated to fall 0.2 percent following the 0.2 percent rise in May. In May, producer prices, including oil, grew 0.7 percent year-over-year and fell 0.9 percent month-over-month.

At 4:30 am ET, U.K 's Office for National Statistics is due to release its trade balance report. U.K 's visible trade deficit is estimated to narrow to GBP 8.75 billion in May from GBP 8.92 billion in April.

At 5 am ET, the National Statistical Service of Greece is expected to release its unemployment report. The unemployment rate is estimated to edge down to 26.7 percent in April from 26.8 percent in March.

At 6 am ET, Ireland's Central Statistics Office is due to release its consumer prices report. Consumer prices is expected to rise 0.5 percent year-on-year in June following the 0.4 percent increase in May. On a month-over-month basis, prices are estimated to grow 0.1 percent in June after remaining unchanged in May. In May, the HICP rose 0.4 percent year-on-year and remained stagnant month-over-month.

Around the same time, Statistics Portugal is due to release its consumer prices report. Consumer prices are forecast to decline at a slower rate of 0.2 percent year-on-year in June following the 0.4 percent decline in May. On a month-on-month basis, prices are estimated to rise 0.3 percent in June, reversing the 0.1 percent gain in May. The HICP is expected to decline 0.3 percent year-on-year and rise 0.1 percent month-on-month in June, the same rates as in May.



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