Interest rates and Bank Rate - Bank of England
Aug 1, 2024 · Bank Rate is the single most important interest rate in the UK. In the news, it's sometimes called the ‘Bank of England base rate’ or even just ‘the interest rate’. Our Monetary Policy Committee (MPC) sets Bank Rate.
Bank Rate history and data | Bank of England Database
Oct 2, 2024 · See how the Bank of England's Bank Rate changed over time. Related links . Learn about interest rates and Bank Rate; Information about wholesale baserate data; Current official Bank Rate. 4.75%. Official Bank Rate. Export the data. Date Changed Rate; 07 Nov 24: 4.75: 01 Aug 24: 5.00: 03 Aug 23: 5.25: 22 Jun 23: 5.00: 11 May 23: 4.50: 23 Mar 23: ...
Monetary Policy Committee dates for 2025 and 2026 | Bank of …
Dates for Monetary Policy Committee (MPC) announcements on Bank Rate and publication of MPC meeting minutes and the quarterly Monetary Policy Report.
Bank Rate increased to 0.25% - December 2021 - Bank of England
Sep 19, 2024 · The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 15 December 2021, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.15 percentage points, to 0.25%.
Bank Rate maintained at 5.25% - May 2024 | Bank of England
Aug 16, 2024 · The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 8 May 2024, the MPC voted by a majority of …
Bank Rate maintained at 0.1% - June 2021 | Bank of England
Sep 19, 2024 · The MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed …
April 2025 (to be published at 9.30am) - Bank of England
Dec 30, 2024 · This statistical release contains average interest rates across deposit or loan accounts with UK banks and building societies, calculated using data on rates and balances.
Why are interest rates high and how quickly might they fall?
Bank Rate was almost zero (0.1%) at the beginning of December 2021. It is 4.75% now. In the years between 1975 and 2007, Bank Rate was 3.5% at its lowest point and 17% at its highest.
The Bank of England's system-wide exploratory scenario exercise …
Nov 29, 2024 · In light of these events, in June 2023, the Bank of England (the Bank) launched its first system-wide exploratory scenario (SWES) exercise with market participants, to complement the FPC’s work programme to address risks in MBF and ongoing work to ensure the resilience of the banking sector.
Bank Rate maintained at 5.25% - February 2024 - Bank of England
Aug 16, 2024 · Monetary Policy Summary and minutes of the Monetary Policy Committee meeting