Bank of England meeting —
At its 21 September 2022 meeting, the Bank of England raised its policy rate from 1.25% to 2.25%. The decision passed 5-4.
Decision
hike — 1.25% to 2.25%
Vote: 5-4
Key passages
At its meeting ending on 21 September 2022, the MPC voted to increase Bank Rate by 0.5 percentage points, to 2.25%.
Five members voted to raise Bank Rate by 0.5 percentage points, three members preferred to increase Bank Rate by 0.75 percentage points, to 2.5%, and one member preferred to increase Bank Rate by 0.25 percentage points, to 2%.
Meeting documents
Background reading
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