The Bank of England and the Swiss National Bank are widely expected to make a final quarter-point rate hike after the US Federal Reserve decided to keep the benchmark rate unchanged on Wednesday.
The Bank of England is set to end its tightening cycle with a final quarter point rate hike on Thursday as inflation slowed to an 18-month low in August. Markets expect policymakers to lift the bank rate to 5.50 percent in a three-way split vote. The announcement is due at 7.00 AM ET.
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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.