Bank of England meeting —
At its 1 February 2023 meeting, the Bank of England raised its policy rate from 3.00% to 3.50%. The decision passed 7-2.
Decision
hike — 3.00% to 3.50%
Vote: 7-2
Key passages
the MPC voted by a majority of 7–2 to increase Bank Rate by 0.5 percentage points, to 4%. Two members preferred to maintain Bank Rate at 3.5%.
Two members preferred to maintain Bank Rate at 3.5%.
Meeting documents
Background reading
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