Bank of England hikes interest rates to control inflation

Bank of England member Haskell said a few days ago that he would not rule out further interest rate hikes. A stone stirs up a thousand waves. The current strike, which has spread across multiple industries across the country, has tightened the UK labor market. In addition to the 12 consecutive interest rate hikes by the Bank of England, the British benchmark interest rate was raised to a high of 4.5%, thanks to the high base of 9% in the same period last year, the CPI in the UK fell in April this year, and the data will continue to fall in the second quarter. However, the decline in the formation of data is mainly due to the high base last year, while the actual inflation level remains high.