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BOE: Instant Answers June meeting

UK
(MNI) London

1)    Was the Bank Rate raised, and if so by how much? yes, 25 bps to 1.25%
2)    Number of members voting for a 25bp hike?  6
3)    Number of members voting for a 50bp hike (and who)?  3: Haskel, Mann & Saunders
4)    Number of members voting for unchanged Bank Rate (and who)? 0
5)    Did the MPC announce sales of gilts would start (and when)?  No
6)    Did the MPC issue guidance, identical or very similar to, its May line that "some degree of further tightening in monetary policy may still be appropriate..."? No, "scale, pace and timing of further increases in bank rate will reflect the committee's assessment of the economic outlook and inflationary pressures... will if necessary act forcefully in response"
7)    Was the guidance outlined in question 6 specified to take place “in the coming months”? N/A
8)    Was the guidance outlined in question 6 supported by “most members of the Committee”? N/A
9)    Around what level and when does the Bank now expect CPI to peak? Slightly above 11% in October
10)    Does the MPC outline more or less upside inflation risk over the forecast horizon? N/A
11)    Does the MPC outline more or less downside growth risk over the forecast horizon? N/A

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1)    Was the Bank Rate raised, and if so by how much? yes, 25 bps to 1.25%
2)    Number of members voting for a 25bp hike?  6
3)    Number of members voting for a 50bp hike (and who)?  3: Haskel, Mann & Saunders
4)    Number of members voting for unchanged Bank Rate (and who)? 0
5)    Did the MPC announce sales of gilts would start (and when)?  No
6)    Did the MPC issue guidance, identical or very similar to, its May line that "some degree of further tightening in monetary policy may still be appropriate..."? No, "scale, pace and timing of further increases in bank rate will reflect the committee's assessment of the economic outlook and inflationary pressures... will if necessary act forcefully in response"
7)    Was the guidance outlined in question 6 specified to take place “in the coming months”? N/A
8)    Was the guidance outlined in question 6 supported by “most members of the Committee”? N/A
9)    Around what level and when does the Bank now expect CPI to peak? Slightly above 11% in October
10)    Does the MPC outline more or less upside inflation risk over the forecast horizon? N/A
11)    Does the MPC outline more or less downside growth risk over the forecast horizon? N/A