The Bank of England's interest rate decision sets UK borrowing costs and is the main driver of the British pound.
Actual
0.25%
Forecast
0.1%
Previous
0.1%
Bank of England Rate Decision for December 16, 2021 came in at 0.25% versus 0.1% expected (previous 0.1%), above forecast, which was positive for the GBP.
What it meant for the GBP
The actual landed above the 0.1% forecast (0.15 above expectations). A reading above forecast is generally bullish for the GBP, and below forecast bearish. On this release the read was positive for the GBP.
New to this release? See what Bank of England Rate Decision measures, the next release and its full history.