Forex Fundamentals
Bank of England Rate Decision

Bank of England Rate Decision 11 May 2023

Bank of England Rate Decision 11 May 2023: 4.5%, in line with the forecast and up from 4.25% in March 2023. It is the highest of the last 12 releases. It was released on Thu 11 May 2023 at 11:00 UTC.

These figures were verified on 4 Oct 2026 from the source: Bank of England. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
4.5%
Forecast
4.5%
The market consensus
Previous
4.25%
As the source gives it

What a print like this usually does

In line with the forecast: The initial move may be small if the rate decision is fully priced in, but the statement, vote and guidance can still move the pound.

Bank of England Rate Decision 11 May 2023: 4.5% against a 4.5% forecast, with the last 12 releases
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Cite this release

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Bank of England Rate Decision 11 May 2023: 4.5% vs 4.5% forecast (Bank of England). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/boe/2023-05-11

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
11 May 2023—4.5%4.5%4.25%
23 Mar 2023—4.25%4.25%4%
2 Feb 2023—4%4%3.5%
15 Dec 2022—3.5%3.5%3%
3 Nov 2022—3%3%2.25%
22 Sep 2022—2.25%2.25%1.75%
4 Aug 2022—1.75%1.75%1.25%
16 Jun 2022—1.25%1.25%1%
5 May 2022—1%1%0.75%
17 Mar 2022—0.75%0.75%0.5%
3 Feb 2022—0.5%0.5%0.25%
16 Dec 2021—0.25%0.1%0.1%
The release before:Bank of England Rate Decision 23 March 2023The release after:Bank of England Rate Decision 22 June 2023Bank of England Rate Decision: every recent resultThis week’s economic calendar