<ul><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/boe-raises-bank-rate-by-50-bps-to-350-as-expected-20221215/“ target=“_blank“ rel=“follow“>Prior</a> 3.50%</li><li style=““ class=“text-align-justify“>Bank rate vote 7-2 vs 7-2 expected (Tenreyro and Dhingra voted to keep rates unchanged, similar to the December meeting)</li><li>Further increases in bank rate may be required</li><li style=““ class=“text-align-justify“>If there were to be evidence of more persistent pressures, then further tightening of monetary policy would be required</li><li style=““ class=“text-align-justify“>CPI likely to have peaked</li><li style=““ class=“text-align-justify“>Inflation to fall to 3.92% by Q4 2023 (previous forecast 5.2%)</li><li style=““ class=“text-align-justify“><a target=“_blank“ href=“https://www.forexlive.com/terms/i/inflation/“ class=“terms__main-term“ id=“ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa“ target=“_blank“>Inflation</a> risks still skewed significantly to the upside</li><li style=““ class=“text-align-justify“><a target=“_blank“ href=“https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/february-2023″ target=“_blank“ rel=“nofollow“>Full statement</a></li></ul>

This article was written by Justin Low at www.forexlive.com.