Bank of England anticipates rate hike Close panel Open panel App -icon - 512px V1 1 - Style/Logotypes/Le Figaro/Apps/jeux

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A rate hike will probably soon be "necessary", the Bank of England (BoE) said on Thursday. If the British economy evolves in line with current projections, "it will be necessary in the coming months to increase the interest rate in order to reach our inflation target of 2%", warned the institution.

Asked about the possible expiry of these “next months”, the governor of the BoE, Andrew Bailey replied that this meant “from now”, which could fuel expectations of a rise in December.

The Bank of England, which has kept its key rate at its historic low of 0.1% in the meantime, faces a dilemma shared by other central banks. It is a question of containing inflation which is accelerating without stifling growth.

Read also The Fed emerges from the monetary emergency

In the United Kingdom, inflation reached 3.1% year on year in September. According to BoE projections, it rose to “just under 4%” in October, will drop to 4.5% in November and will continue…

Bank of England anticipates rate hike Close panel Open panel App -icon - 512px V1 1 - Style/Logotypes/Le Figaro/Apps/jeux

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