BRITAIN-INTEREST RATE-RAISE

BRITAIN-INTEREST RATE-RAISE

(220319) -- HUYTON, March 19, 2022 (Xinhua) -- Parts of shelves in a supermarket have been left bare in Huyton, Britain, March 18, 2022. Britain's central bank, the Bank of England (BoE), has once again lifted the benchmark interest rate to 0.75 percent in a move to combat the rising inflation, according to a BoE statement on Thursday. The BoE has raised borrowing costs several times since December to bring down the country's soaring inflation, which reached a 30-year high of 5.5 percent in January. The Bank's Monetary Policy Committee expected Britain's inflation to grow further in the coming months, to around 8 percent in the second quarter in 2022, and perhaps even higher later this year. (Photo by Jon Super/Xinhua)

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