Bank of England meeting —
At its 2 February 2022 meeting, the Bank of England raised its policy rate from 0.25% to 0.50%. The decision passed 5-4.
Decision
hike — 0.25% to 0.50%
Vote: 5-4
Key passages
At its meeting ending on 2 February 2022, the MPC voted by a majority of 5-4 to increase Bank Rate by 0.25 percentage points, to 0.5%. Those members in the minority preferred to increase Bank Rate by 0.5 percentage points, to 0.75%.
The Committee voted unanimously for the Bank of England to begin to reduce the stock of UK government bond purchases, financed by the issuance of central bank reserves, by ceasing to reinvest maturing assets.
Meeting documents
Background reading
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