{"id":81907,"date":"2023-03-23T16:26:47","date_gmt":"2023-03-23T12:26:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=81907"},"modified":"2023-03-23T16:26:49","modified_gmt":"2023-03-23T12:26:49","slug":"boe-hikes-policy-rate-by-25-bps-to-4-25-in-march","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boe-hikes-policy-rate-by-25-bps-to-4-25-in-march\/03\/23\/market-updates\/","title":{"rendered":"BOE hikes policy rate by 25 bps to 4.25% in March"},"content":{"rendered":"\n<p>Following its March policy meeting, the Bank of England (BOE) announced that it raised the policy rate by 25&nbsp;basis points (bps) to 4.25% as expected.&nbsp;Two policymakers, Tenreyro and Dhingra, vote to keep the policy rate on hold at 4%.<\/p>\n\n\n\n<p>&#8220;If there were to be evidence of more persistent pressures, then further tightening of monetary policy would be required,&#8221; the BOE said in its policy statement.<\/p>\n\n\n\n<p>After the BOE&#8217;s policy statements, GBP\/USD is finding it difficult to make a clear move in either direction. At the time of writing, the pair was trading at around 1.2300, somewhat higher than the day before.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following its March policy meeting, the Bank of England (BOE) announced that it raised the policy rate by 25&nbsp;basis points (bps) to 4.25% as expected.&nbsp;Two policymakers, Tenreyro and Dhingra, vote to keep the policy rate on hold at 4%. &#8220;If there were to be evidence of more persistent pressures, then further tightening of monetary policy &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":[6967,8172,6987,8143,7536],"class_list":["post-81907","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-interest-rate-hikes","tag-recession"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81907","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=81907"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81907\/revisions"}],"predecessor-version":[{"id":81908,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81907\/revisions\/81908"}],"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=81907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}