Home » The Norwegian Bank of Norway raises interest rates and the Bank of England’s turn to eagle is nearing completion?丨Global Connection

The Norwegian Bank of Norway raises interest rates and the Bank of England’s turn to eagle is nearing completion?丨Global Connection

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CBN 2021-09-24 16:10:43

Editor in charge: Hao Yunying

The Norges Bank fired its first interest rate hike on Thursday, raising its benchmark interest rate by 25 basis points from 0, making it the first major developed country central bank to raise interest rates after the epidemic. The Bank of England said in a statement on Thursday that its Monetary Policy Committee unanimously voted to maintain the central bank’s policy interest rate at a historical low of 0.1%, and its bond purchase target was maintained at 875 billion pounds. However, the Bank of England issued a signal to turn the eagle. An official urged the central bank to reduce its bond purchase plan. Is the release of water by global central banks coming to an end?

The Norwegian Bank of Norway raises interest rates and the Bank of England’s turn to eagle is nearing completion?丨Global Connection

The Norges Bank fired its first interest rate hike on Thursday, raising its benchmark interest rate by 25 basis points from 0, making it the first major developed country central bank to raise interest rates after the epidemic. The Bank of England said in a statement on Thursday that its Monetary Policy Committee unanimously voted to maintain the central bank’s policy interest rate at a historical low of 0.1%, and its bond purchase target was maintained at 875 billion pounds. However, the Bank of England issued a signal to turn the eagle. An official urged the central bank to reduce its bond purchase plan. Is the release of water by global central banks coming to an end?

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