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United Kingdom Interest Rate
Last Release
May 05, 2022
Actual
1
Forecast
N/A
Previous
0.75
Frequency
Daily
Units In
%
Next Release
Jun 16, 2022
Time to Release
24 Days 0 Hours
Highest | Lowest | Average | Date Range | Source |
17 Nov 1979 | 0.1 Mar 2020 | 7.17 % | 1971-2022 | Bank of England |
In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).
Latest Updates
The Bank of England raised the key Bank Rate by 25bps to 1% during its May 2022 meeting, which is the 4th consecutive rate hike, pushing borrowing costs to the highest since early 2009. The decision came in line with expectations although 3 members voted for a bigger 50bps increase. Policymakers said global inflationary pressures have intensified sharply following Russia’s invasion of Ukraine which has led to a material deterioration in the outlook for UK growth. The UK economy is estimated to have risen by 0.9% in Q1 but the GDP is expected to be broadly unchanged in Q2 and to contract around 1% in Q4, due to a decline in households’ incomes, including that stemming from the projected rise of around 40% in retail gas and electricity prices when the Ofgem price caps are next reset in October. In 2023, GDP is seen shrinking by 0.25%. Meanwhile, inflation is expected to rise further over the remainder of the year, to just over 9% in Q2 and averaging slightly over 10% at its peak in Q4.
United Kingdom Interest Rate History
Last 12 readings
United Kingdom Money Indicators
All United Kingdom indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|---|
Banks Balance Sheet | 4,519,849 Mar 2022 | 4,524,669 Feb 2022 | 3,342,179 Sep 2014 | 4,524,669 Feb 2022 | GBP Million | Monthly | 2010-2022 |
Central Bank Balance Sheet | 1,087,872 May 2022 | 1,088,102 Apr 2022 | 76,991 Feb 2007 | 1,119,387 Dec 2021 | GBP Million | Weekly | 2006-2022 |
Deposit Interest Rate | 0 Feb 2022 | 0 Jan 2022 | 0 Feb 2022 | 4.25 Oct 2008 | % | Monthly | 2008-2022 |
Foreign Exchange Reserves | 190,766.27 Apr 2022 | 200,329.33 Mar 2022 | 35,190.42 Feb 2000 | 203,709.23 Dec 2021 | USD Million | Monthly | 1999-2022 |
Interbank Rate | 1.33 May 2022 | 1.33 May 2022 | 0.02 Dec 2020 | 15.63 Oct 1989 | % | Daily | 1986-2022 |
Interest Rate | 1 May 2022 | 0.75 Apr 2022 | 0.1 Mar 2020 | 17 Nov 1979 | % | Daily | 1971-2022 |
Lending Rate | 0.75 Feb 2022 | 0.5 Jan 2022 | 0.35 Mar 2020 | 4.75 Oct 2008 | % | Monthly | 2008-2022 |
Loans To Private Sector | 2,698,489 Dec 2021 | 2,663,478 Sep 2021 | 8,755 Mar 1963 | 2,812,955 Mar 2009 | GBP Million | Quarterly | 1963-2021 |
Money Supply M0 | 94,557 Apr 2022 | 95,598 Mar 2022 | 3,530 Jul 1969 | 95,756 Jan 2022 | GBP Million | Monthly | 1969-2022 |
Money Supply M1 | 2,425,104 Mar 2022 | 2,385,190 Feb 2022 | 82,369 Sep 1986 | 2,425,104 Mar 2022 | GBP Million | Monthly | 1986-2022 |
Money Supply M2 | 3,031,444 Mar 2022 | 2,993,506 Feb 2022 | 167,346 Dec 1986 | 3,031,444 Mar 2022 | GBP Million | Monthly | 1986-2022 |
Money Supply M3 | 3,562,321 Mar 2022 | 3,527,939 Feb 2022 | 263,079 Jan 1987 | 3,562,321 Mar 2022 | GBP Million | Monthly | 1987-2022 |
Private Debt to GDP | 212.8 Dec 2020 | 190.3 Dec 2019 | 154.5 Dec 1997 | 238 Dec 2008 | % | Yearly | 1995-2020 |
Interest Rate across Europe
Interest Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|---|
1 May 2022 | 1 Mar 2022 | 0.5 Mar 2020 | 8.5 Apr 2002 | % | Daily | 2001-2022 | |
9.25 May 2022 | 9.25 May 2022 | 3 Aug 2005 | 10.5 Feb 2015 | % | Daily | 2003-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
12 Feb 2022 | 9.25 Jan 2022 | 7.75 Jun 2020 | 480 Nov 1994 | % | Daily | 1991-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
3.08 Mar 2022 | 3.07 Jan 2022 | 2.83 Nov 2020 | 80.25 Jan 1999 | % | Monthly | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 5.77 Dec 2008 | % | Daily | 2005-2022 | |
2.5 Mar 2022 | 2.5 Jan 2022 | 2.5 Oct 2015 | 4,290.85 Sep 1993 | % | Daily | 1992-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
5.75 May 2022 | 5 Apr 2022 | 0.05 Nov 2012 | 39 Jun 1997 | % | Daily | 1995-2022 | |
-0.6 Apr 2022 | -0.6 Mar 2022 | -0.75 Feb 2015 | 15 Nov 1992 | % | Daily | 1992-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | Daily | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
11 May 2022 | 11 Mar 2022 | 3.75 Aug 2013 | 12 Apr 2008 | % | Daily | 2008-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
5.4 Apr 2022 | 4.4 Mar 2022 | 0.6 Jul 2020 | 28 Jan 1995 | % | Daily | 1987-2022 | |
3.75 May 2022 | 2.75 Apr 2022 | 0.75 Nov 2020 | 18 Oct 2008 | % | Daily | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0 Feb 2022 | 0 Jan 2022 | 0 Feb 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
1.5 Apr 2022 | 1.25 Mar 2022 | 1.25 Mar 2021 | 15.21 Dec 2002 | % | Daily | 2002-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
15.5 May 2022 | 12.5 Apr 2022 | 2.65 Nov 2020 | 21 Jan 2001 | % | Daily | 2001-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0.75 May 2022 | 0.75 Apr 2022 | 0.25 Sep 2021 | 11 Sep 1992 | % | Daily | 1991-2022 | |
5.25 May 2022 | 4.5 Apr 2022 | 0.1 May 2020 | 24 Feb 1998 | % | Monthly | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
3.75 May 2022 | 3 Apr 2022 | 1.25 Jan 2021 | 12.5 Apr 2005 | % | Daily | 2005-2022 | |
14 Apr 2022 | 17 Apr 2022 | 4.25 Jul 2020 | 20 Feb 2022 | % | Daily | 2003-2022 | |
2 May 2022 | 1.5 Apr 2022 | 1 Dec 2020 | 18 Sep 2006 | % | Daily | 2006-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0 Apr 2022 | 0 Mar 2022 | 0 Apr 2022 | 4.75 Oct 2000 | % | N/A | 1998-2022 | |
0.25 Apr 2022 | 0 Mar 2022 | -0.5 Feb 2016 | 8.91 Jul 1995 | % | Daily | 1994-2022 | |
-0.75 Mar 2022 | -0.75 Feb 2022 | -0.75 Jan 2015 | 3.5 Jun 2000 | % | Daily | 2000-2022 | |
14 Apr 2022 | 14 Mar 2022 | 4.5 May 2013 | 500 Mar 1994 | % | Daily | 1990-2022 | |
10 Apr 2022 | 10 Mar 2022 | 6 Jun 2020 | 300 Oct 1994 | % | Daily | 1992-2022 | |
1 May 2022 | 0.75 Apr 2022 | 0.1 Mar 2020 | 17 Nov 1979 | % | Daily | 1971-2022 |