{"id":3994,"date":"2023-08-03T16:59:41","date_gmt":"2023-08-03T14:59:41","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=3994"},"modified":"2023-08-03T16:59:41","modified_gmt":"2023-08-03T14:59:41","slug":"uk-raises-rates-to-5-25","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=3994","title":{"rendered":"UK raises rates to 5.25%"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">The Bank of England raised interest rates to 5.25% from previous 5%, signaling a prolonged period of tighter borrowing conditions. <\/p>\n<p>The key rate was increased by a quarter point, a smaller hike than expected. The bank warned that further action may be needed if inflation persists and that their stance will remain sufficiently restrictive for a long time.<\/p>\n<p>The bank also revised its growth and inflation forecasts, painting a bleak picture for the next general election.<\/p>\n<p>There is growing division within the Monetary Policy Committee on how to respond to rising wages and prices alongside weakening economic activity.<\/p>\n<p>The forecasts suggest the UK economy will avoid a recession, but there is still a significant risk of contraction.<\/p>\n<p>The committee expects the economy to stagnate until 2025.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of England raised interest rates to 5.25% from previous 5%, signaling a prolonged period of tighter borrowing conditions. The key rate was increased by a quarter point, a smaller hike than expected. The bank warned that further action may be needed if inflation persists and that their stance will remain sufficiently restrictive for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3994"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/3995"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}