Posted on Dec 16, 2019 2021 at 13:57Updated Dec 16, 2019 2021 at 16:58
Faced with accelerating inflation, the Bank of England (BoE) has not wavered. The Monetary Policy Committee, which met on Thursday, decided to raise its key rate by 0.15 basis point to 0.25%. This decision took the markets by surprise. They were counting on a monetary “status quo”, given the threat the Omicron variant poses to growth.
It was voted by its members by a large majority of 8 to 1. Neither the US Federal Reserve nor the European Central Bank have yet taken the plunge, conditioning the first rate hikes on the end of their support by purchases. of securities on the markets. After the announcement, the pound rose sharply 0.67% to 1.3352 dollar, while the euro lost 0.58% against the British currency.