The Bank of England announced an interest rate hike of 1 yard, in line with market expectations.
[Financial Channel/Comprehensive Report] The Bank of England announced on the 11th that it would raise interest rates by 1 yard, and the benchmark interest rate came to 4.5%, which was in line with market expectations and was the highest level since the financial crisis in October 2008. It has raised interest rates 12 times in a row.
The policymakers of the central bank voted 7 to 2 to raise interest rates by 1 yard, and the bank interest rate will be raised from 4.25% to 4.5% to fight inflation. austerity.
Sterling's depreciation against the dollar converged from 0.5% to around 0.2%.
Please read on...
In addition, the Monetary Policy Committee of the Bank of England predicts that the CPI will fall to slightly above 1% in 2 to 3 years, far below the 2% inflation target, indicating that the increase in economic weakness and the decline in external pressure are expected to reduce inflation , As for how long it will take to return to the 2% target, there is still great uncertainty.
Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel
Already added friends, thank you
Welcome to 【Free Finance】
Already liked it, thank you.