Bank of England decision due at 1100 GMT on 16 June 2022.

A rate hike is the overwhelming expectaion:

boe 16 June 2022 mpc

Some analyst comments follow:

Société Générale:

  • BoE is likely to announce another 25 bps rate increase
  • Moreover, with some other major central banks favouring 50 bps moves, we expect the MPC vote again to be split between 25 bps and 50 bps moves


  • The Bank of England is expected to raise the bank rate by 25bps at their June meeting given the clear need to rein in inflation despite weak growth.

Deutsche Bank:

  • “We expect a 25 bps hike this week
  • and have updated their terminal rate forecast from 1.75% to 2.5%


  • We expect a 25 bps rate hike with another 25 bps hike in August and a final move in November for a terminal rate of 1.75%.