{"id":56997,"date":"2021-12-16T16:02:47","date_gmt":"2021-12-16T12:02:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=56997"},"modified":"2021-12-16T16:03:09","modified_gmt":"2021-12-16T12:03:09","slug":"bank-of-england-hikes-interest-rates-by-15bps-to-0-25","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bank-of-england-hikes-interest-rates-by-15bps-to-0-25\/12\/16\/market-updates\/","title":{"rendered":"Bank of England Hikes Interest Rates by 15bps to 0.25%"},"content":{"rendered":"\n<p>The Bank of England announced on Thursday that it would hike its benchmark interest rate by 15bps at 0.25%. Leading up to the meeting, markets had been pricing a roughly 60% chance of a hike, with these odds rising in wake of Wednesday&#8217;s hotter than expected UK November Consumer Price Inflation report, which came on the heels of a strong labor market report on Tuesday.<\/p>\n\n\n\n<p>The majority of economists had expected the BoE to hold interest rates at 0.1%, though these polls (conducted by newswires) were released prior to Wednesday&#8217;s inflation surprise. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of England announced on Thursday that it would hike its benchmark interest rate by 15bps at 0.25%. Leading up to the meeting, markets had been pricing a roughly 60% chance of a hike, with these odds rising in wake of Wednesday&#8217;s hotter than expected UK November Consumer Price Inflation report, which came on &hellip;<\/p>\n","protected":false},"author":9,"featured_media":51338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,37,36],"tags":[6967,8172,6987,8171,7952,8166,6891,7983],"class_list":["post-56997","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates","tag-boe","tag-huw-pill","tag-inflation","tag-monetary-policy-committee","tag-mpc","tag-omicron","tag-prices","tag-rate-hike"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=56997"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56997\/revisions"}],"predecessor-version":[{"id":56999,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56997\/revisions\/56999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51338"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=56997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=56997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=56997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}