BOE: 'Instant Answers' Sept 22 - Bank hikes rates to 2.25%

1)    Was the Bank Rate raised, and if so by how much? Yes, by 0.5bp to 2.25%

2)    Number of members voting for a 25bp hike? One (Swati Dhingra)

3)    Number of members voting for a 50bp hike? Five 

4)    Number of members voting for a 75bp hike? Three (Haskel, Mann, Ramsden)

5)    Number of members voting for a decision other than 25/50/75bp hike (and if so what?)? None

6)    Did the MPC vote in favour of starting the active sale of gilts (and if so when)? Yes, starting the week commencing October 3rd.

7)    What pace will active gilt sales be in year 1? GBP 40 bln (as previously stated)

8)    What pace will active gilt sales be in the upcoming quarter? GBP 8.7 bln, split evenly across five gilt sale auctions of each short/medium/long-term gilts (total 15 auctions GBP580 mln each).

9)    Did the MPC drop its previously formulated August guidance? No.

10)    Did the MPC still point to the possibility of "forceful" action if required? Yes. Inflationary pressures persisting  'including from to stronger demand' was added.