2023-05-12 15:08:44
Bank of England
Bank of England member Bill made the following remarks on Friday:
- The BoE’s recent decisions reflect the belief that inflation risks remain.
- There may be more work to be done to bring down inflation.
- The BoE sees signs that it is moving in a direction more favorable to inflation expectations.
- I do not intend to give a directional bias in future interest rate decisions.
It should be noted that following the Bank of England decided yesterday, Thursday, to raise interest rates by 25 basis points, to reach 4.50%, experts at the American investment bank Morgan Stanley noted that the Bank of England may raise interest rates one last time at its next meeting in June, before ending the cycle. Narrowing following a year of apparent increases.
In this context, the US Bank stated that the Bank of England is scheduled to hold a meeting of the Monetary Policy Committee on June 22, a week following the release of the inflation index data for the month of May. Also, Morgan Stanley experts pointed out that the interest rate in Britain has reached the highest level since the financial crisis of 2000.
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