Key Points
- Bank of England voted to hike the interest rate by 25 basis points to 0.5%
- Four Committee members voted for a larger 50 basis point hike
- Inflation set to peak above 7% in April
- Monetary Policy Summary and Minutes here
- Monetary Policy Report here
By Samuel Indyk
Investing.com – Watch the press conference with Bank of England Governor Andrew Bailey and other members of the Monetary Policy Committee below: