MNI Morning Global Briefing

     LONDON (MNI) - It's another interest rate decision day Thursday, with the

Norges Bank policy decision at 0800GMT and the ECB at 1145GMT. The final

noteworthy piece of data comes from Canada at 1230GMT with their payroll

employment data.

     MNI calculations suggest the Norges policy rate will remain unchanged in

tomorrow's meeting at 0.75%. However, the December meeting points to a 26%

probability of a 25bps hike in the main policy rate.

     Next up is the ECB who are also anticipated to keep the deposit rate, main

refinancing rate and marginal lending rate unchanged at -0.40%, 0% and 0.25%

respectively.

     However, focus will be on whether the Governing Council make any firm moves

towards ending their APP in December and announce reinvestment plans, or if they

delay any decision until December

     The y/y average weekly earnings in Canada were previously 3.0% in July and

payroll employment increased by 8,200.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com