Technical Analysis
BOE raises bank rate by 50 bps to 3.50%, as expected
- The latest Bank of England monetary policy decision – 15 December 2022
Justin Low
Thursday, 15/12/2022 | 12:00 GMT-0
15/12/2022 | 12:00 GMT-0
- Prior 3.00%
- Bank rate vote 7-2 vs 9-0 expected (Tenreyro, Dhingra voted to keep rates unchanged at 3%, Mann voted to raise rates by 75 bps instead)
- Further increases in bank rate may be required
- Q4 GDP seen at -0.1% q/q (previously -0.3% in November)
- Statement details to follow..