The Bank of England stuck to its gradual increases in interest rates on Thursday, as other central banks took more urgent action, but said it was ready to act 'forcefully' if needed to stamp out dangers posed by inflation it now sees topping 11%.
A person walks past the Bank of England in the City of London financial district in London, Britain, January 23, 2022. REUTERS/Henry Nicholls/File PhotoBoE raises rates by another 25 basis points to 1.
"The scale, pace and timing of any further increases in Bank Rate will reflect the Committee's assessment of the economic outlook and inflationary pressures," the BoE said. "The Bank of England was the earliest of its peers to begin policy normalisation, and now faces some of the most acute risks to near-term growth," Vivek Paul, UK Chief Investment Strategist, BlackRock Investment Institute, said.
The BoE noted that the market path for British interest rates had risen materially since the May meeting, even though there had been relatively little news since then.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GBPUSD Forex Signal GBP to Tilt Lower Ahead of BOE DecisionThe $GBPUSD pair drifted upwards after the hawkish Fed decision.
Leer más »
Trumpworld reportedly 'aghast' at Kimberly Guilfoyle over Jan. 6 money'I'm not saying it's a crime, but I'm saying it's grift.'
Leer más »
This town banned dogs from its parks. Now the poop really hit the fan.Are Fanwood lawmakers ready to act after the barking of residents?
Leer más »
Sequoia Says It Is Optimistic About Southeast Asia's Start-Ups Despite Challenging MarketInvestments in start-ups will be impacted in the short-term, due to the current market environment said Sequoia Southeast Asia.
Leer más »
Fights over Pa. election rules that seemed settled after 2020 have now come roaring backPa’s primary election and Senate race recount are over. But as the state heads into yet another high-profile and contentious November election, officials and lawyers are warily acknowledging that it's starting to feel a bit like 2020.
Leer más »
The Fed is about to jack up interest rates, Wall Street saysThe Federal Reserve may be set to announce the biggest rate hike since the 1990s. Here's how that would impact your wallet.
Leer más »