{"id":15956,"date":"2023-06-22T14:46:20","date_gmt":"2023-06-22T12:46:20","guid":{"rendered":"https:\/\/investmentbell.com\/?p=15956"},"modified":"2023-06-22T14:46:30","modified_gmt":"2023-06-22T12:46:30","slug":"boe-hikes-interest-rates-by-50-basis-points","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/hy\/analysis\/market-overview\/boe-hikes-interest-rates-by-50-basis-points\/","title":{"rendered":"BOE HIKES INTEREST RATES BY 50 BASIS POINTS"},"content":{"rendered":"<p>Bank of England has increased the interest rates from 4.75% to 5%, the highest since 2008 May.<\/p>\n<p>The monetary policy committee aims at controlling the inflation rate in the united kingdom, which is higher than in the USA. USA&#8217;s inflation rate for the month stands at 0.1% while UK&#8217;s inflation rate is 0.7% and USA&#8217;s interest rate is at&nbsp; 5.25% while for UK&#8217;s is at 5%.<\/p>\n<p>The interest rate decision has seen GBPUSD rally up to above the 1.28250&nbsp; mark this is after the inflation date was released yesterday plunging GBPUSD to below the 1.27100 mark.<\/p>\n<p>UK inflation rate for the month of May was 0.7% previously 1.2%.<\/p>\n<p>In my opinion, the GBPUSD direction is not well defined and day traders should be patient for a better entry point.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost15956\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost15956').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>Bank of England has increased the interest rates from 4.75% to 5%, the highest since 2008 May. The monetary policy committee aims at controlling the inflation rate in the united kingdom, which is higher than in the USA. USA&#8217;s inflation rate for the month stands at 0.1% while UK&#8217;s inflation rate is 0.7% and USA&#8217;s [&hellip;]<\/p>","protected":false},"author":203,"featured_media":15957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":{"0":"post-15956","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts\/15956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/users\/203"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/comments?post=15956"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts\/15956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/media\/15957"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/media?parent=15956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/categories?post=15956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/tags?post=15956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}