RTTNews - Monetary policy decisions of the European Central Bank, the Riksbank and the Central Bank of Iceland are expected to dominate the scene on Thursday.

At 3.30am ET, the Statistics Denmark is likely to announce the jobless rate for May. Economists forecast the rate of joblessness to rise to 3.5% from 3.3% in April.

At the same time, Sweden's central bank would be announcing its monetary policy decision. Thereafter, the bank is expected to release its monetary policy report for the second quarter.

The Swiss National Bank is set to release its quarterly economic bulletin at 5.00am ET.

At the same time, Eurostat is likely to announce the change in the producer price index in May. Economists forecast an annual fall of 5.6% and a monthly growth of 0.1% for May.

There would be a separate release from the Eurostat to show developments in the euro area labor market in May. The rate of unemployment is expected rise to 9.4% from April's 9.2%.

Iceland's central bank is also expected to announce its monetary policy decision at 5.00am ET. A preliminary report on Iceland's external trade in June is also due at 5.00am ET from the Statistics Iceland.

The Bank of England is due to reveal results of the credit conditions survey for the second quarter at 5.30am ET.

Thereafter, the ECB Governing Council decision is due at 7.45am ET. Most economists do not expect the ECB to change its key interest rate from its current level of 1%.

ECB President Jean-Claude Trichet would be holding his regular post-decision press conference at 8.30am ET.

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