50 basis points!The Bank of England has raised interest rates in the past 27 years

Reporter Liu Qi, a trainee reporter Han Yu

On August 4th, Beijing time, the Bank of England announced the interest rate hikes 50 basis points, raising the benchmark interest rate from 1.25%to 1.75%, and the interest rate hike hit the largest record in 1995. Since December 2021, the Bank of England has raised interest rates six times. The benchmark interest rate of 1.75%is also the highest value since December 2008. The Bank of England also plans to reduce its previously accumulated large -scale Treasury bonds. If the Monetary Policy Committee (MPC) meeting in September adopted the plan, the British Central Bank will sell about 10 billion pounds of government bonds every quarter. Caption: The Bank of England has increased the benchmark interest rate to 1.75%. At present, the inflation rate of Britain has reached 9.4%, and the ultra -target is more than four times. Severe inflation. The British CPI increased by 9.4%year -on -year, while the British Bank of England estimated that the inflation prospects would be even more pessimistic. It is expected that the inflation rate will rise to about 13%in the fourth quarter when the energy cost continues to rise, and it will continue to be high in 2023. Caption: British inflation rate continues to rise. Photo source: The official website of the National Bureau of Statistics began in April, and the British CPI increased for three consecutive months. In June, it rose 9.4%year -on -year, reaching the highest level in 40 years. The soaring energy cost is an important reason for the rapid rise in CPI. In June, the price of British gasoline increased by 42%year -on -year. Other energy items such as electricity and gas costs also continued to rise. The overall increase in energy items contributed as high as 47%. British President Andrew Bailey said that the high energy price may further affect the lives of British residents in winter, especially the lives of low -income families. He is worried that this will further make the inflation problem "deeply ingrained". If inflation does not show signs of relief, he will still insist on raising interest rates to make the inflation rate return to 2%of the goal. At the same time as the inflation is high, the recent economic data of Britain is not optimistic. In July, the British manufacturing PMI fell to 52.1, a new low of 25 months, and the final value of the service industry PMI also dropped to 52.6. Under the pressure of inflation, the British manufacturing and service industry activities were large The influence, the number of orders and service demand continues to weaken. It is worth noting that in the monetary policy report released by the Bank of England on August 4, the UK may enter the economic recession in the fourth quarter, and the decline will be up to five quarters. High energy prices will drag the income growth of British residents, the prospects of consumption and economic activities may further deteriorate, and the growth of British GDP will continue to slow down. Donghai Securities believes that the rise in energy prices brought about by international geopolitical conflicts has superimposed the issue of Britain's "Brexit" to exacerbate trade barriers and labor shortages. British families have decreased in disposable income, increasing production costs for enterprises, high inflation and decline at the same time impact the British economy. After the resolution of the interest rate hike falling, the pound fell short -term against the US dollar, but then the decline narrowed. Wind data shows that as of 4:25 am on August 5th local time, the GBP's exchange rate on the US dollar fell 0.12%within the day of the US dollar to 1.21450. Production | Zhang Xin Nuclear | Editor of Zhu Baochen | Zhang Yupeng Sun Qian finally trial | Why does the Malaysian Ready Reading Daily Stock Price Different? Douyin: The three major indexes of the acquisition of rumors are not true in early trading. Institution: Pay attention to the 5th moving average today to lose more exciting reports, please scan the code to follow

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