The English issuing bank made the decision at the end of a meeting of its monetary policy committee, which aims to keep inflation in check to place it at 2%.
He bank of England rose this Thursday interest rates 4.25% at 4.5%the highest level since 2008, to contain year-on-year inflation in the UK, which stood at 10.1% last March.
The English issuing bank made the decision at the end of a meeting of its monetary policy committee, which is seeking to do so control inflation to set it to 2%.
At its February meeting, the Bank of England had expected inflation to fall significantly by the end of this year, after months of increases due to price increases. energy prices worldwide thanks to the war in Ukraine.
In its analysis, the Bank of England committee points to positive news on the near-term outlook for global activity, which, barring another ‘shock’, suggests that the tightening of credit conditions associated with the recent financial turmoil it will only have a small impact on GDP.
In this way, the institution hopes that the British economy remain stable during the first half of the year, after less than expected weakness in February, while demand was expected to be significantly stronger than previously expected.
Source: EITB
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