Bank of England Inflation Report, November 2006

The Bank of England published its November 2006 Inflation Report on 15 November. At a press conference BoE governor Mervyn King highlighted that the central bank's latest forecast of easing inflationary pressures is a 'benign' one.

The BoE believes that inflation in the UK will return towards target quicker than it anticipated just three months ago, with the headline rate actually dipping below 2 pct if one more rate rise materialises.

In its quarterly economic projections, the central bank also

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