Bank of England meeting —

At its 16 March 2022 meeting, the Bank of England held its policy rate at 0.50%. The decision passed 8-1.

Decision

hold — 0.50% to 0.50%

Vote: 8-1

Key passages

The MPC voted by a majority of 8-1 to increase Bank Rate by 0.25 percentage points, to 0.75%.

Rate hike decision, tightening policy.

One member preferred to maintain Bank Rate at 0.5%.

A dissenter wanted no change, signalling some opposition to tightening.

Meeting documents

Background reading

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