The Bank of England decided at its Thursday meeting to raise interest rates by 50 basis points to 4%, the highest level since 2008.
The decision of the bank was not unanimous, as it was supported by 7 out of 9 members of the Bank of England.
The Bank of England said that if inflationary pressures persist, further rate hikes will be required.
At the same time, he expected that the economic recession would be shorter and less deep than expected in November.
UK consumer price inflation fell to a three-month low of 10.5% in December, bringing some relief to the Bank of England and British households, but food and drink prices continued to rise at the fastest pace since 1977.
The decline in headline inflation came from 10.7% in November, in line with the expectations of economists polled by Reuters and far from a 41-year high of 11.1% in October.
This comes after the US Federal Reserve yesterday, Wednesday, decided to raise interest rates by 25 basis points, bringing the benchmark interest rate to a range of 4.50% to 4.75%, the highest level since 2007. , that is, before the global financial crisis.
