Bank of England meeting —
At its 20 September 2023 meeting, the Bank of England raised its policy rate from 4.50% to 5.25%. The decision passed 5-4.
Decision
hike — 4.50% to 5.25%
Vote: 5-4
Key passages
At its meeting ending on 20 September 2023, the MPC voted by a majority of 5–4 to maintain Bank Rate at 5.25%. Four members preferred to increase Bank Rate by 0.25 percentage points, to 5.5%.
The Committee had continued to judge that the risks around the modal inflation forecast were skewed to the upside, albeit by less than in May
Meeting documents
Background reading
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