Bank of England meeting —
At its 14 December 2022 meeting, the Bank of England raised its policy rate from 2.25% to 3.00%. The decision passed 6-3.
Decision
hike — 2.25% to 3.00%
Vote: 6-3
Key passages
At its meeting ending on 14 December 2022, the MPC voted by a majority of 6-3 to increase Bank Rate by 0.5 percentage points, to 3.5%.
Two members preferred to maintain Bank Rate at 3%, and one member preferred to increase Bank Rate by 0.75 percentage points, to 3.75%.
Meeting documents
Background reading
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