UK Raises Base Interest Rate Again from 0.25% to 0.5% to Tackle Inflation...
[Asia Economy Reporter Kim Bo-kyung] The Bank of England (BOE), the central bank of the United Kingdom, held a monetary policy committee meeting on the 3rd (local time) and raised the base interest rate by 0.25 percentage points from 0.25% to 0.5%.
The BOE has consecutively raised interest rates since December last year, when it increased the base rate from 0.1% to 0.25% for the first time in three years.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- "$2,000 War Surcharge Imposed"... 834 Cases of SME Damages Reported Due to Middle East Conflict
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
This move is analyzed as a choice of tight monetary policy to respond to recent price increases and inflation.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
