The Zhitong Finance App learned that the Bank of England kept the benchmark interest rate unchanged at 3.75% as scheduled on Thursday, but at the same time warned that if inflationary pressure intensifies due to the Middle East conflict, it may be necessary to raise interest rates. Meanwhile, the Bank of England made major adjustments to its quantitative austerity (QT) plan, announced that it would abandon the sale of long-term treasury bonds, and plans to gradually reduce its debt portfolio of 488 billion pounds (about 650 billion US dollars) by 2034.

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