European stocks are expected to rally as global markets digest the U.S. Federal Reserve’s decision to enact the largest interest rate hike since 1994.
The Bank of England will be the latest central bank to publish its interest rate decision on Thursday. It's also expected to hike interest rates for the fifth consecutive monetary policy meeting.
The central bank, like others around the world, is looking to curb rampant inflation against a backdrop of slowing growth and a deteriorating currency.Data releases in Europe on Thursday include new EU car registrations for May and euro area wage growth in the first quarter. Italian inflation data for May is also set to be released.
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