Bank of England meeting —
At its 3 August 2022 meeting, the Bank of England raised its policy rate from 1.00% to 1.75%. The decision passed 8-1.
Decision
hike — 1.00% to 1.75%
Vote: 8-1
Key passages
At its meeting ending on 3 August 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.5 percentage points, to 1.75%.
One member preferred to increase Bank Rate by 0.25 percentage points, to 1.5%.
Meeting documents
Background reading
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