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%.

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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.

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