Bank of England Rate Decision

What it measures

The Bank of England's Monetary Policy Committee sets Bank Rate, the main UK policy interest rate. A rate above market expectations generally makes borrowing more expensive and can help bring inflation toward the BoE's 2% target over time.

Why it moves the GBP

A higher-than-expected rate or a decision to hold when markets expected a cut usually supports sterling through higher expected returns on UK assets. A surprise cut usually weakens it; the vote split and guidance can matter as much as the rate itself.

Released: Eight times a year