The British central bank tightened its monetary policy further.

The Bank of England announced that interest rates would rise by 0.25 percentage points to 1.0 percent on Thursday after the MPC monetary policy committee meeting in London.

Analysts had expected the move with a large majority.

After the fourth interest rate hike in the Corona pandemic, the key interest rate in the UK is as high as it was last in 2009. The monetary watchdogs made an initial tightening at the end of last year, with further steps following in February and March.

The UK has not seen monetary tightening like this in a quarter of a century.

The decision was made by six votes to three, with three currency watchdogs unsuccessfully calling for an even larger step to 1.25 percent.

The US Federal Reserve had raised interest rates by half a percentage point to counteract inflation.

With the aggressive monetary policy line, the monetary authorities want to contain the high inflation.

In the UK, it was most recently at a 30-year high of 7.0 percent and is likely to hit the 10 percent mark in the near future.

Most policymakers at the Bank of England believe further tightening is warranted in the coming months.

They deleted the word "moderate" to describe future steps.