boe_mpc_decisions: Bank Rate decision history

In boe: Download Data from the 'Bank of England' Statistical Database

Bank Rate decision history

Description

Returns the history of Monetary Policy Committee decisions to change Bank Rate, derived from the daily Bank Rate series. Each row is one rate-change event, showing the effective date, the new rate, the previous rate, and the change in basis points. Holds (meetings where the rate was unchanged) are not included; for the full meeting-level record including holds, see boe_mpc_votes().

Usage

boe_mpc_decisions(from = "1997-06-06", to = Sys.Date(), cache = TRUE)

Arguments

from	Date or character. Start date. Defaults to "1997-06-06" (the first MPC meeting).
to	Date or character. End date. Defaults to today.
cache	Logical. Use cached Bank Rate data if available (default TRUE).

Value

A boe_tbl data frame with columns:

date

Date. Effective date of the rate change.

new_rate_pct

Numeric. Bank Rate after the decision (percent).

prev_rate_pct

Numeric. Bank Rate before the decision (percent).

change_bps

Integer. Change in basis points (positive = hike, negative = cut).

direction

Character. "hike" or "cut".

Source

Derived from BoE series IUDBEDR (daily Bank Rate). See https://www.bankofengland.co.uk/monetary-policy.

See Also

boe_bank_rate(), boe_mpc_votes()

Other monetary policy: boe_mpc_votes(), boe_mpr_forecasts()

Examples

op <- options(boe.cache_dir = tempdir())
# All MPC decisions since the global financial crisis
boe_mpc_decisions(from = "2007-01-01")

# Just decisions in 2024 to date
boe_mpc_decisions(from = "2024-01-01")
options(op)

boe documentation built on May 30, 2026, 5:06 p.m.