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Goldman Sachs

June 12, 2026

European Week Ahead

Weekly UpdateRates Govt BondsMacro Economic IndicatorsOther

This report outlines key economic events for the week of June 15-21, 2026, focusing on interest rate decisions by major European central banks and UK inflation data.

Key Takeaways

  • 1.Key focus is on policy rate decisions from the Bank of England, SNB, Riksbank, and Norges Bank.
  • 2.UK inflation is projected to accelerate to 3.1% in May due to base effects impacting services and core inflation.
  • 3.The Bank of England is expected to hold rates at 3.75% with a likely 7-2 vote split.

Table of Contents

  • Euro Area
  • United Kingdom
  • Scandinavia
  • Switzerland
  • Exhibit 1: Events in the Week Ahead
  • European Economics Team
  • Disclosure Appendix

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Authors

Niklas GarnadtSven Jari StehnFilippo TaddeiJames MoberlyKatya VashkinskayaGiovanni PierdomenicoAlexandre Stott

Securities

Bank of England Bank RateSNB Policy Rate

Themes

Monetary PolicyInflationary Pressures

Regions

EuropeUnited KingdomGermanyItaly