Bank of England meeting —
At its 1 November 2023 meeting, the Bank of England raised its policy rate from 4.50% to 5.25%. The decision passed 6-3.
Decision
hike — 4.50% to 5.25%
Vote: 6-3
Key passages
At its meeting ending on 1 November 2023, the MPC voted by a majority of 6–3 to maintain Bank Rate at 5.25%. Three members preferred to increase Bank Rate by 0.25 percentage points, to 5.5%.
Three members preferred to increase Bank Rate by 0.25 percentage points, to 5.5%.
Meeting documents
Background reading
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