Historical Year Data · 2022
BoE Bank Rate in 2022
BoE Bank Rate opened 2022 at 0.25% and closed at 3.50%, a +1300.00% move for the year. The high of 3.50% was reached on December 15, and the low of 0.25% on January 4.
Open
0.25%
2022-01
Close
3.50%
250 data points
High
3.50%
Dec 15
Low
0.25%
Jan 4
Full Year Change
+1300.00%
2021 Change
+150.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 0.25% | 0.25% | 0.25% | 0.25% | +0.00% |
| Feb | 0.25% | 0.50% | 0.50% | 0.25% | +100.00% |
| Mar | 0.50% | 0.75% | 0.75% | 0.50% | +50.00% |
| Apr | 0.75% | 0.75% | 0.75% | 0.75% | +0.00% |
| May | 0.75% | 1.00% | 1.00% | 0.75% | +33.33% |
| Jun | 1.00% | 1.25% | 1.25% | 1.00% | +25.00% |
| Jul | 1.25% | 1.25% | 1.25% | 1.25% | +0.00% |
| Aug | 1.25% | 1.75% | 1.75% | 1.25% | +40.00% |
| Sep | 1.75% | 2.25% | 2.25% | 1.75% | +28.57% |
| Oct | 2.25% | 2.25% | 2.25% | 2.25% | +0.00% |
| Nov | 2.25% | 3.00% | 3.00% | 2.25% | +33.33% |
| Dec | 3.00% | 3.50% | 3.50% | 3.00% | +16.67% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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