“The Bank of England raised the benchmark interest rate for the first time in 10 years

– The Bank of England raised the benchmark interest rate for the first time in 10 years.

The size of the rate in the UK increased by 0.25 percentage points to 0.5% per annum, the statement of the Committee on monetary policy (MPC), published at the end of last Thursday’s meeting.

The Bank of England kept its massive program of buying government bonds at 435 billion pounds ($574,2 bln) and the volume of purchases of corporate bonds at 10 billion pounds. The decision of the Bank coincided with the market expectations.

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