The UK stock market's benchmark index FTSE 100 was hovering around the flat line about half an hour before noon on Wednesday with investors digesting the nation's inflation data while looking ahead to monetary policy announcements from the Federal Reserve, the Bank of England, and the signing of the Iran-US peace deal.
The Bank of England is set to announce its policy decision on June 18. The BoE is widely expected to hold the rate at 3.75%, the lowest since June 2023. Previously, the bank had reduced the rate by 25 basis points each in August and November 2025.
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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.