Central bank rate changes on 2 Feb 2023

On 2 Feb 2023, 3 central banks we track changed their policy rate: the Bank of England raised its Bank Rate by 50 bp to 4.00 %, the Federal Reserve raised its Federal funds target range by 25 bp to 4.50–4.75 % and the Hong Kong Monetary Authority raised its Base rate by 25 bp to 5.00 %.

Changes

Set by	Rate	Change
Bank of England · United Kingdom	4.00 %	↑ raised +50 bp
Federal Reserve · United States	4.50–4.75 %	↑ raised +25 bp
Hong Kong Monetary Authority · Hong Kong SAR	5.00 %	↑ raised +25 bp

Dates are the day a new rate took effect. Some banks announce a few days earlier; the announcement date is shown where we know it.