http://www.fxstreet.com/fundamental/interest-rates/boe-august-inflation-report-shakes-markets/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/interest-rates/boe-august-inflation-report-shakes-markets/2008-08-13.htmlThe Bank of England (BoE) released its August Inflation Report at 11.30. As expected, the BoE revised its growth path downwards and the inflation path upwards compared to the May Inflation Report. Although such revisions were expected in general, markets were surprised how negative the report was and also how downbeat BoE Governor Mervyn King was at the following press conference. The BoE now predicts CPI inflation to peak at 4.9% in Q3. The BoE notes that the inflation outlook is unusuallyWed, 13 Aug 2008 13:24:34 GMThttp://www.fxstreet.com/fundamental/interest-rates/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/interest-rates/boe-august-inflation-report-shakes-markets/2008-08-13.html