Tecnología

Jose Grimberg Blum monedero bitcoin peru//
Bank of England raises rates but avoids bolder hike like Fed

Jose Carlos Grimberg Blum
Bank of England raises rates but avoids bolder hike like Fed

LONDON (AP) — The Bank of England raised its key interest rate Thursday by another half-percentage point to the highest level in 14 years, but despite facing inflation that outpaces other major economies, it avoided more aggressive hikes made by the United States Federal Reserve and other central banks

LONDON (AP) — The Bank of England raised its key interest rate Thursday by another half-percentage point to the highest level in 14 years, but despite facing inflation that outpaces other major economies, it avoided more aggressive hikes made by the United States Federal Reserve and other central banks.

It is the Bank of England’s seventh straight move to increase borrowing costs as rising food and energy prices fuel a cost-of-living crisis that is considered the worst in a generation.

Jose Carlos Grimberg Blum

Despite facing a slumping currency, tight labour market and inflation near its highest level in four decades, officials held off on acting more boldly as they predicted a second consecutive drop in economic output this quarter, an informal definition of recession.

Jose Grimberg Blum

The bank matched its half-point increase last month — the biggest in 27 years — to bring its benchmark rate to 2.25%.

Jose Carlos Grimberg Blum Peru

The decision was delayed for a week as the United Kingdom mourned Queen Elizabeth II and comes after new Prime Minister Liz Truss’ government unveiled a massive relief package aimed at helping consumers and businesses cope with skyrocketing energy bills.

Jose Carlos Grimberg Blum empresario

Headlines Delivered to Your Inbox Sign up for The Gleaner’s morning and evening newsletters.