Bank of England raises the bank rate to 5.00%
June 22, 2023 The Bank of England’s Monetary Policy Committee (MPC) at its June 21, 2023 meeting voted to increase Bank Rate by 0.50 percentage points, to 5.00%, as opposed to maintaining the Bank Rate at 4.50%. The MPC observes that the second-round effects in domestic price and wage developments generated by external cost shocks