BOE: Instant Answers For MPC decision - Bank On Hold, 6-3 Vote

1.    Was the Bank Rate raised, and if so by how much? No - hold at 5.25%

2.    Number of members voting for cut? 0

3.    Number of members voting for unchanged rate? 6

4.    Number of members voting for a 25bp hike? 3 - Greene, Haskel, Mann

5.    Did the MPC (or the majority of MPC) again say Bank Rate is likely to remain sufficiently restrictive for sufficiently long? Yes

6.    Did the MPC (or the majority of MPC) again say monetary policy is likely to need to be restrictive for an extended period? Yes

7.    Did the MPC again say “if there were to be evidence of more persistent pressures, then further tightening in monetary policy would be required”? Yes

8.    Did the MPC leave its guidance paragraph materially unchanged versus the November policy statement? Yes

9.    Did the MPC say, that in the run-up to the December policy decision, it believed market pricing was over-estimating future rate cuts? No