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At midday, the benchmark index was 0.4 per cent higher at 4,691.01 points, following the Bank's statement that an increase in interest rates would prompt inflation to fall below the two per cent target within its two-year forecast period, Reuters reports.
Stocks in energy firms were among those to rise during trading, BG Group climbing by three per cent and Royal Dutch Shell and Tullow Oil also recording increases.
In the financial sector, Lloyds Banking Group was the strongest performer -jumping 5.4 per cent - and there were also increases for Standard Chartered, Royal Bank of Scotland and Barclays.
"As soon as the inflation report was announced we saw the investors who had been staying away over the last few days return to the fore," market strategist Joshua Raymond remarked
He added that Lloyds has regained popularity after falling in value over the past three days.
