The FX PostThe FX Post
    What's Hot

    Man charged in New York with 3-week kidnapping to try to steal Bitcoin

    May 30, 2025

    Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

    May 29, 2025

    Second suspect in New York bitcoin kidnapping surrenders to police

    May 28, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Bank of England Hike Interest Rates to 0.75%, Uncertain about Future Moves
    Forex News

    Bank of England Hike Interest Rates to 0.75%, Uncertain about Future Moves

    March 17, 20221 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Percentage symbol on Arrow pointing upwards
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    The Bank of England raised interest rates for a third consecutive meeting but softened its stance on the need for further hikes.

    • Eight out of nine members of the Monetary Policy Committee (MPC) voted in favor of raising the Bank Rate to 0.75% from 0.5%, after the US Federal Reserve’s decision to raise borrowing costs for the first time since the pandemic started.
    • Meanwhile, Deputy Governor Jon Cunliffe voted against the raise warning of a big hit to demand from surging commodity prices.
    • The BoE stated that inflation was set to surge to around 8% in April, nearly a percentage point higher than it projected last month, and cautioned it could peak even higher later in the current year.
    • Energy bills, driven by Russia’s invasion of Ukraine, are likely to surge in the autumn when regulated tariffs are reset.

    A majority of the committee members stated they raised rates to cut the risk that recent trends in pay growth and inflation become factored in expectations.

    FTSE 100 up +0.61%, GBP USD down -0.33%

    Source: Bank of England

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Bank of England UK economy
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    UK Wage Growth Slows while Unemployment Rate Falls

    February 12, 2024
    6.8

    SurgeTrader Review

    August 10, 2023
    8.6

    Social Trader Tools Review

    May 30, 2023
    9.0

    Kodi Kai Trades Review

    May 28, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    93  −  90  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Man charged in New York with 3-week kidnapping to try to steal Bitcoin
    • Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026
    • Second suspect in New York bitcoin kidnapping surrenders to police
    • Apple to debut dedicated gaming app within days of Nintendo Switch 2’s arrival
    • Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.