The British regulator, by a majority vote during the voting period, decided to increase the rate by 50 basis points.
The Bank of England raised the rate by 50 basis points to 3.5% per annum. This is the ninth rate hike in a row. This was announced by the press service of the British regulator on Thursday, December 15.
“At the meeting that ended on December 14, 2022, the Bank of England’s Monetary Policy Committee (MPC) voted by a majority (six to three) to increase the bank rate by 0.5 percentage points, to 3.5%,” the statement said. is reading .message.
In addition, two votes were for keeping the bank rate around 3%. One voter suggested an increase of 0.75 percentage points, to 3.75%.
The next bank rate adjustments in England are due to be considered on 2 February 2023.
Note that in early November 2022, the Bank of England announced an increase in the base interest rate from 2.25% to 3% per annum.
It was also previously reported that in Britain prices for gas and electricity have been frozen for two years.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.