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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