Bank Rate increased to 4.5% - May 2023

Monetary Policy Summary and minutes of the Monetary Policy Committee meeting
Published on 11 May 2023
The Bank of England Act 1998 gives the Bank of England operational responsibility for setting monetary policy to meet the Government’s inflation target. Operational decisions are taken by the Bank’s Monetary Policy Committee. The minutes of the Committee meeting ending on 21 June will be published on 22 June 2023.