Commenting on the Bank of England's quarterly Inflation Report, Peter Dixon, Commerzbank analyst said BoE's GDP growth projection is a bit stronger than Commerzbank's own assessment whilst the CPI forecasts are rather weaker.
Analyst noted that its too early to talk about exit strategies although Governor Mervyn King reiterated that it would depend on whether the BoE meets its inflation target. Based on today's inflation forecast, there appears to be little need to rush for the exit, Dixon said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.