London-Sana
British experts warned that any reluctance by the British Central Bank to raise interest rates after it lost most of its ability to control inflation would contribute to raising the price of gasoline.
And the British newspaper The Independent indicated that “the Bank of England is expected for the fifth time in a row to raise the basic interest rate from one percent, its highest rate in 13 years, to 1.25 percent,” noting that “it will be the first time that the rate exceeds one percent since January second 2009.
The newspaper added, “The Monetary Policy Committee, which consists of nine members, is scheduled to announce its decision next Thursday to control inflation, which has reached high levels not seen in Britain for years.
The newspaper pointed out that the average price of filling a family car with petrol this month exceeded 100 pounds for the first time, so drivers are unlikely to welcome any further jump.
According to a survey conducted by the Bank of England and Ipsos early last month, 70 percent of people surveyed expect rates to rise over the next 12 months, and the survey also showed that some believe that the bank may go beyond the rise to 1.25 and raise rates directly to 1.5 percent or more. by 50 basis points.
The repercussions of the Ukrainian crisis and the economic sanctions imposed under the pretext of Russia began to directly affect the British, who are under increasing pressure from high prices and inflation, amid experts' warnings of the continuation of financial distress for many years.
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