<h2>Monetary Policy Summary, December 2022</h2>
<p>The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 14 December 2022, the MPC voted by a majority of 6-3 to increase Bank Rate by 0.5 percentage points, to 3.5%. Two members preferred to maintain Bank Rate at 3%, and one member preferred to increase Bank Rate by 0.75 percentage points, to 3.75%.</p>
LONDON (dpa-AFX) - The Bank of England raised its key rate by a quarter-point as expected to its highest level since 2009 as policymakers try to combat rising inflation that is now expected to
<h2>Monetary Policy Summary, May 2022</h2>
<p>The MPC sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 4 May 2022, the MPC voted by a majority of 6-3 to increase Bank Rate by 0.25 percentage points, to 1%. Those members in the minority preferred to increase Bank Rate by 0.5 percentage points, to 1.25%.</p>
New Zealand’s central bank has raised rates by 50 basis points. New Zealand’s Reserve Bank (RBNZ) raised the official cash rate to 1.5 per cent on Wednesday, in a bid to contain inflationary pres