{"id":67228,"date":"2022-06-16T15:16:01","date_gmt":"2022-06-16T11:16:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67228"},"modified":"2022-06-16T15:16:03","modified_gmt":"2022-06-16T11:16:03","slug":"boe-hikes-interest-rates-by-25-bps-to-1-25","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boe-hikes-interest-rates-by-25-bps-to-1-25\/06\/16\/market-updates\/","title":{"rendered":"BoE hikes interest rates by 25 bps to 1.25%"},"content":{"rendered":"\n<p>The Bank of England (BoE) announced its monetary policy decision this Thursday and hiked rates for the fifth consecutive time to curb soaring inflation. The nine-member Monetary Policy Committee (MPC) voted 6-3 for the 25 bps hike in the bank rate to 1.25%, with the minority &#8211; Catherine Mann, Jonathan Haskel and Michael Saunders &#8211; voting for a 50 bps increase. The UK benchmark rate is now at its highest since January 2009.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of England (BoE) announced its monetary policy decision this Thursday and hiked rates for the fifth consecutive time to curb soaring inflation. The nine-member Monetary Policy Committee (MPC) voted 6-3 for the 25 bps hike in the bank rate to 1.25%, with the minority &#8211; Catherine Mann, Jonathan Haskel and Michael Saunders &#8211; &hellip;<\/p>\n","protected":false},"author":9,"featured_media":61153,"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":[6923,6837,9575,6987,8143,7580,7826],"class_list":["post-67228","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates","tag-ecb","tag-eurozone","tag-ignazio-visco","tag-inflation","tag-interest-rate-hikes","tag-monetary-policy","tag-q3"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67228","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=67228"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67228\/revisions"}],"predecessor-version":[{"id":67229,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67228\/revisions\/67229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61153"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}