British Bank raised the benchmark interest rate to 1.75%

Xinhua News Agency, London, August 4th (Reporter Yang Hairuo Zhao Xiuzhi) The Central Bank of England Bank of England announced on the 4th that the benchmark interest rate was raised from 1.25%to 1.75%.

In the minutes of the meeting announced on the same day, the Bank of England stated that as the pressure pressure was significantly intensified, the British Consumer Price Index (CPI) was expected to exceed 13%in the fourth quarter, and it will remain high next year.

The Bank of England also stated that the economic growth rate of Britain is slowing, and the rise in natural gas prices has led to the continued deterioration of the economic prospects of Britain and Europe. It is expected that the British economy will be in a decline in the fourth quarter of this year.

British Chamber of Commerce Study David Barrier said that the British Bank of Britain raised the benchmark interest rate to control inflation. However, due to the extremely unstable economic conditions, interest rate hikes may cause risks to companies and individuals with higher debt leverage.

[Editor in charge: Xue Tao]

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