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2020.01.1603:32:00UTC+00European Economics Preview: ECB's Account Of Monetary Policy Meeting Due

The minutes of the European Central Bank's governing council meeting is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers' Association is slated to issue Europe's new car registrations for December. Sales had increased 4.9 percent on year in November.

In the meantime, Destatis is scheduled to issue Germany's final inflation data. Inflation is expected to match the flash estimate of 1.5 percent in December.

At 3.00 am ET, producer price figures are due from the Czech Republic. Producer price inflation is forecast to rise to 2 percent in December from 0.9 percent in November. At 4.30 am ET, the Bank of England releases credit conditions survey data for the fourth quarter.

At 6.00 am ET, Turkey's central bank announces its rate decision. The bank is expected to cut its key interest rate to 11.50 percent from 12.00 percent.

At 7.30 am ET, the European Central Bank publishes the account of the monetary policy meeting of the governing council held on December 11 and 12. At the meeting, the council had decided to hold the refi rate unchanged at a record low 0 percent and retained its forward guidance on both interest rates and asset purchases.

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