{"id":59556,"date":"2022-02-03T16:05:00","date_gmt":"2022-02-03T12:05:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=59556"},"modified":"2022-02-03T16:16:55","modified_gmt":"2022-02-03T12:16:55","slug":"bank-of-england-hikes-interest-rates-by-25bps-to-0-50","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bank-of-england-hikes-interest-rates-by-25bps-to-0-50\/02\/03\/market-updates\/","title":{"rendered":"Bank of England Hikes Interest Rates by 25bps to 0.50%"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest rate by 25bps to 0.50%. The Monetary Policy Committee (MPC) voted 5-4 in favour of the rate hike. The decision was in line with market expectations and marked the first back-to-back rises since 2004. The BoE MPC voted unanimously to reduce corporate bond holdings through non-reinvestment and active sales, reaching zero holdings no earlier than towards the end of 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest rate by 25bps to 0.50%. The Monetary Policy Committee (MPC) voted 5-4 in favour of the rate hike. The decision was in line with market expectations and marked the first back-to-back rises since 2004. The BoE MPC voted unanimously &hellip;<\/p>\n","protected":false},"author":9,"featured_media":47414,"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":[6967,7664,7517,7822,6835],"class_list":["post-59556","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates","tag-boe","tag-interest-rate-hike","tag-interest-rates","tag-labour-market","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59556","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=59556"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59556\/revisions"}],"predecessor-version":[{"id":59557,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59556\/revisions\/59557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/47414"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=59556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}