In the midst of increasing inflationary pressure, the central bank of the United Kingdom announced a rate hike on the 16th, and the central bank of Europe decided to end the emergency measures for the new coronavirus in March next year. We are moving toward a break from the unusual monetary policy that we have been advancing.
The Bank of England, the central bank of the United Kingdom, announced on the 16th that it will raise the policy interest rate, which had been at a record low of 0.1%, to 0.25% in order to support the economy hit by the new corona.
Inflation has accelerated to the level of about 10 years since the consumer price index rose 5.1% last month as economic activity resumed in the UK, and it has steered monetary tightening to stabilize prices. It is a shape.
Also, on the same 16th, the European Central Bank, which is in charge of monetary policy in 19 euro area countries such as Germany and France, decided to end the purchase of assets introduced as an emergency measure last year in March next year.
From April onward, the scale of the conventional quantitative easing will be temporarily expanded to support the economy, and then the scale will be gradually reduced.
The day before, the US Federal Reserve Board decided to end quantitative easing ahead of schedule and said it would raise interest rates three times next year. The central bank is moving toward a break from the unusual monetary policy that has been pursued by the Corona disaster.