Bank of England Inflation Report
Inflation is one of the main mandates of the Bank of England (BOE). The combination of the CPI (Consumer Price Index) report delivered by the Office of National Statistics and the inflation report delivered by the BOE are very important for the currency. The BOE inflation report contains the BOE projections for inflation and economic growth for the upcoming two years. This report is released quarterly and provides the BOE’s detailed economic analysis. The Bank of England bases its interest rate decisions on the inflation and economic projections. Therefore, a hawkish inflation report is positive for the GBP.