Bank of England meeting —
At its 2 November 2022 meeting, the Bank of England raised its policy rate from 1.75% to 3.00%. The decision passed 7-2.
Decision
hike — 1.75% to 3.00%
Vote: 7-2
Key passages
At its meeting ending on 2 November 2022, the MPC voted by a majority of 7-2 to increase Bank Rate by 0.75 percentage points, to 3%.
One member preferred to increase Bank Rate by 0.5 percentage points, to 2.75%, and one member preferred to increase Bank Rate by 0.25 percentage points, to 2.5%.
Meeting documents
Background reading
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