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WATCH LIVE: Bank of England press conference following rate hike

Published 03/02/2022, 12:24
Updated 03/02/2022, 12:25
© Reuters

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 – Watch the press conference with Bank of England Governor Andrew Bailey and other members of the Monetary Policy Committee below:

Latest comments

The Bank of England is so behind the curve. People that want rates to stay low should have been pushing for smaller increases earlier before the Bank lost all inflation credibility. Now they will have to try to regain credibility, which will prove difficult after such incompetence from the MPC.
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