BoE opts for 25bp hike as growth disappoints

Bank of England
Bank of England
Photo: Juno Snowdon Photography

The Bank of England raised its policy rate by 25 basis points today (June 16), opting not to increase the pace of tightening despite inflation nearing double digits.

Six of the nine members of the BoE’s monetary policy committee voted for the action, noting some signs that demand may be slowing. However, these members said the UK’s “tight” labour market and “robust cost and price pressures” demanded some tightening, minutes of the meeting show.

The remaining three members voted to raise the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account