This rise in interest rates by the central bank of the United Kingdom from 4% to 4.25% is already the eleventh consecutive rise to control the rise in inflation, which is 10.4%.
The Bank of England announced this Thursday a rise in interest rates of a quarter of a percentage point, to 4.25%, the eleventh consecutive rise to control the increase in inflation, which is 10.4%.
As predicted by analysts in the UK, the UK central bank’s monetary policy committee voted seven to two for a further hike.
The decision comes a day after the Office for National Statistics (ONS) announced thatyear-on-year inflation in the UK was 10.4% in February, compared to 10.1% in January, well above the bank’s target of 2%.
Source: Observadora
