European Economics Preview: Bank Of England Monetary Policy Decision Due

The monetary policy announcement from the Bank of England is due on Thursday, headlining a light day for the European economic news. The BoE is expected to raise its benchmark rate by 50 basis points to 1.75 percent, combat high inflation and the cost of living crisis. The bank is scheduled to issue the monetary policy summary and the minutes to the monetary policy committee meeting at 7.00 am ET.