and exceeded the average interest rate on MortgageThe two-year, flat rate, 6 percent rate for the first time since 2008.
The English newspaper reported that one of the ministers in the government said that "The Bank of England did not handle interest rates as it should".
A second minister in the cabinet also complained that "The Bank of England was late" In increasing interest rates, in contrast to the rapid rises witnessed in other countries such as United State to curb inflation.
and already Bank of EnglandAmerica to raise interest rates, starting from last December, but its steps were slower than its counterpart in the United States.
Last month, the Bank of England raised key interest rates by 50 basis points for the second time in a row, to 2.25 percent.
This series of interest rate hikes has not been witnessed in Britain since Black Wednesday 30 years ago, as the latest increase today is the seventh in a row since last December.
The Bank of England raised interest rates last August by 50 basis points, the highest rate in 27 years.
The plan announced by the government, headed by Liz TerraceLast month, just a day after the Bank of England raised rates, government bond markets tumbled In pounds sterling to the lowest level in its history, which prompted the Central Bank to intervene by buying government bonds, to restore confidence in the market.
The plan, which included tax cuts for the wealthy, which the government later retracted, will cost them about 45 billion pounds, which will be financed by borrowing, which raised concerns about debt inflation, and also gave a signal to the market that the government is working in the opposite direction to the Bank of England, which seeks To tighten monetary conditions to curb inflation.
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And the British newspaper, “The Telegraph”, reported that high-ranking government figures secretly accused the central bank of failing to address the issue inflation Fast enough, which is currently around 9.9 percent.
and exceeded the average interest rate on MortgageThe two-year, flat rate, 6 percent rate for the first time since 2008.
The English newspaper reported that one of the government ministers said that “the Bank of England did not handle interest rates as it should.”
A second cabinet minister also complained that “the Bank of England was late” in raising interest rates, in contrast to the rapid hikes seen in other countries such as United State to curb inflation.
and already Bank of EnglandAmerica to raise interest rates, starting from last December, but its steps were slower than its counterpart in the United States.
Last month, the Bank of England raised key interest rates by 50 basis points for the second time in a row, to 2.25 percent.
This series of interest rate hikes has not been witnessed in Britain since Black Wednesday 30 years ago, as the latest increase today is the seventh in a row since last December.
The Bank of England raised interest rates last August by 50 basis points, the highest rate in 27 years.
The plan announced by the government, headed by Liz TerraceLast month, just a day after the Bank of England raised rates, government bond markets tumbled In pounds sterling to the lowest level in its history, which prompted the Central Bank to intervene by buying government bonds, to restore confidence in the market.
The plan, which included tax cuts for the wealthy, which the government later retracted, will cost them about 45 billion pounds, which will be financed by borrowing, which raised concerns about debt inflation, and also gave a signal to the market that the government is working in the opposite direction to the Bank of England, which seeks To tighten monetary conditions to curb inflation.