BoE tightens policy after inflation surprise

Bank of England
Photo: Juno Snowdon Photography

The Bank of England raised its policy rate 25 basis points today (March 23), after the UK’s February inflation figure was much higher than expected.

As in other recent meetings, seven members of the monetary policy committee supported the increase, which took the rate to 4.25%. Two members dissented, preferring to leave the rate unchanged.

The BoE had expected inflation to fall in February. Instead, it rose to 10.4%, 0.6 percentage points higher than the central bank’s latest forecasts had

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