The Bank of England hinted at "modest tightening" in a three-year horizon as policymakers expect inflation to temporarily reach 4 percent. The bank kept its key interest rate and quantitative easing unchanged on Thursday.
The central bank cautioned that the economy is set to undergo a "more pronounced" period of above-target inflation in the near-term than previously projected, before returning close to the 2 percent over the medium-term.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.