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

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..

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