India, March 20 -- The monetary policy announcements from the Bank of England and the Swiss National Bank are the top events due on Thursday.
The BoE is likely to sit tight on rates today as inflation remains sticky. The nine-member policy committee is widely seen holding the rate at 4.50 percent in a split vote. The decision is due at 8.00 AM ET.
The SNB is widely expected to lower the interest rate by 25 basis points to 0.25 percent. But today's rate is likely to be the last in the current easing cycle as the currency has weakened notably over the last few months. The SNB announces the decision at 4.30 AM ET.
Other major economic reports due for the day are unemployment from the UK and producer prices from Germany.
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