BoE raises rates 50bp as outlook marginally brightens

Bank of England
Bank of England
Daniel Hinge

Bank of England policy-makers voted for a 50 basis point rate increase after today’s (December 15) meeting of the monetary policy committee.

Six MPC members voted for the decision, which came as BoE staff predicted a slightly improved outlook for growth and marginally lower inflation. Two MPC members preferred to keep the rate on hold, and one voted for a 75bp rise. The decision brought the policy rate to 3.5%.

Voters in the majority emphasised the tight labour market, according to meeting

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