The Bank of England announced on Thursday (3rd) that it would increase by another 3 yards.

(Bloomberg)

[Financial Channel/Comprehensive Report] The Bank of England (BOE) raised interest rates again by 3 yards (0.75 percentage points) on Thursday (3rd), raising the interest rate to 3%, which was in line with market expectations, and the rate of interest rate hike also hit 1989 Britain has raised interest rates eight times in a row since December.

"CNBC" reported that most of the Bank of England's Monetary Policy Committee believe that it is necessary to further increase bank interest rates to curb soaring inflation. The market expects that BOE will continue to tighten monetary policy and try to push inflation back to the target value of about 2%. .

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Inflation in the United Kingdom reached 10.1% in September, and soaring energy and commodity prices still pose a certain pressure on consumers’ lives. We cannot rule out the possibility that the CPI will continue to rise in October. It is expected that the British GDP will drop by about 0.75% in the second half of 2022. In the midst of a crisis of high inflation and heightened recession risk.

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