hoist hoist [hɔɪst] verb [transitive]
to increase something quickly or suddenly:
• The state is getting ready to hoist its sales tax next week.
— hoist noun [countable] :
• High Street banks raised their lending rates by 2% following the Government's initial interest rate hoist.
* * *
Ⅰ.
hoist UK US /hɔɪst/ verb [T]
► to increase something: »
The Bank of England hoisted its base rate to 3.75%.
Ⅱ.
hoist UK US /hɔɪst/ noun [C]
► an act of increasing something: »
the bank's interest rate hoist
Financial and business terms. 2012.