← Back / Control Inflation — Bank of England MPC Oct 2022 · You are the committee
MPC 1 Crisis
Economic indicators
GDP growth−0.2%
Recession risk elevated
Unemployment3.6%
Still low. Won't last.
Mortgage stress42%
Rate rises feed through slowly
Market confidence58%
Post-Truss. Fragile.
Current rate
Base rate 2.25%
Lag: effects take 12–18 months
CPI Inflation
Current CPI
11.1%
Target: 2.0% — Last at target: February 2021
Remember: Every decision you make today takes 12–18 months to show up in the data. You are flying blind, looking at last year's instruments.
MPC meeting record
Event log
Next MPC meeting in 18s
Simulation over — Bank of England MPC, October 2022
You lasted 4 minutes. The MPC met every six weeks. They still got it wrong.

You were the Monetary Policy Committee in October 2022. CPI at 11.1% — the highest since 1981. Every decision you made wouldn't show up in the data for 12 to 18 months.


The MPC raised rates 14 consecutive times, from 0.25% to 5.25%. Inflation didn't return to target until mid-2024. An estimated 1.6 million households faced severe mortgage stress.