Europe and economic growth slowed down the British turn to raise interest rates

The Bank of England has recently said it will likely raise interest rates for the first time in more than 10 years, but the timing of the announcement is unusual.

At present, the growth rate of the British economy is only half the normal speed, retail sales difficult, slow growth in consumer pay, car sales decline, the property market is also losing momentum, only employment data appears to be strong.

In addition, the United Kingdom will withdraw from the EU after 18 months, and the terms of the withdrawal of the European Union is a compromise or a war, the ruling Conservative Party's views are still divided.

And even has been steady over the central bank target, to nearly 3% of inflation, offer interest rates are limited, most analysts believe that the British inflation rate may soon hit the top.

So, the Bank of England risked last week that most members of the Monetary Policy Committee (MPC) said it would be possible to raise rates in the coming months.

The central bank has long said that any rate hike may be gradual, and lower than the level before the global financial crisis.

The first rate of 0.25 percentage points, will only fill last year in June after the retreat of the European referendum rate, making interest rates back to the history of very low level of 0.5%. 2007 - 09 years since the crisis 10 years most of the time interest rate at the level.