Bank of England meeting —
At its 13 December 2023 meeting, the Bank of England held its policy rate at 5.25%. The decision passed 6-3. Unknown dissented, preferring a hike.
Decision
hold — 5.25% to 5.25%
Vote: 6-3
Dissenters
- Unknown — preferred hike
Key passages
At its meeting ending on 13 December 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%.
The Committee continued to judge that the risks to its modal inflation projection were skewed to the upside, such that the mean projection for CPI inflation was 2.2% and 1.9% at the two and three-year horizons.
Meeting documents
Background reading
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