 | |  | | 英国央行宣布升息25个基点,利率提升至4.5%
BoE MPC raises key repo rate 0.25 points to 4.50 pct from 4.25
2004-06-10 19:00
LONDON (AFX) - The Bank of England has raised its key repo rate another 0.
25 points to 4.50 pct, following the latest meeting of the rate-setting
monetary policy committee.
The decision was widely anticipated, with the raft of strong data this
week cementing expectations of the first back-to-back increase since early
2000.
The move today is the fourth 0.25 point increase by the Bank since
November as it seeks to rein in soaring consumer debt and a rampant housing
market, which is going from strength to strength despite previous hikes.
The latest survey from the Halifax bank found house prices accelerating
once again, with year-on-year inflation running above 20 pct.
More and more analysts are now warning of a potential housing market
crash.
In addition, strong manufacturing data for April is likely to have eased
concerns that higher borrowing costs are hitting the industrial sector hard.
Nevertheless, the decision to raise interest rates has taken place in an
environment of subdued inflation and lower than expected first quarter
growth.
Further interest rate increases are expected this year, with some
forecasters predicting the benchmark repo rate will rise above 5.00 pct by
the end of 2004.
The minutes of the meeting will be published on June 23.
[ Last edited by macdonald0618 on 2004-6-10 at 07:05 PM ] |  |  |  |  |
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