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United Kingdom Interest Rate

Last Release
Sep 2021
Actual
0.1 %
Forecast
N/A
Previous
0.1 %
Frequency
Daily
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
17 %
Apr 1980
0.1 %
Mar 2020
7.24 %1971 - 2021Bank 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 left its benchmark interest rate at a record low of 0.1% and its bond-buying program unchanged at a total of GBP 895 billion by the end of this year during its September 2021 meeting. The central bank also said that the case for modest tightening strengthened from August, as inflation could persist above 4% well into 2022, although considerable uncertainties remain. Reflecting that view, two policymakers voted for an early end to government bond purchases, compared with only one in the August meeting. Meanwhile, expectations for the level of UK GDP in Q3 were lowered by near 1% to around 2.5% below its pre-Covid level.

United Kingdom Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

News

All News
DATETIMETITLE
Sep 23, 202111:06BOE Sees Stronger Case for Tightening
Sep 23, 202107:20No Big Changes Expected from the BoE
Aug 5, 202111:04BoE Holds Policy, Signals Future Tightening
Aug 5, 202107:07BoE Set to Leave Monetary Policy Unchanged
Dec 19, 201912:09BoE Keeps Rates Steady amid Cautious Approach
Dec 16, 201917:48UK Banks 'Resilient' to No-deal Brexit: 2019 Stress-Test
Nov 7, 201915:00BoE Holds Rates, 2 MPC Members Vote for Rate Cut

Calendar

ECONOMIC CALENDAR
DATETIMEEVENTActual
Sep 23, 202111:00BoE Interest Rate Decision0.1 %
Aug 5, 202111:00BoE Interest Rate Decision0.1 %
Jun 24, 202111:00BoE Interest Rate Decision0.1 %
May 6, 202111:00BoE Interest Rate Decision0.1 %
Mar 18, 202112:00BoE Interest Rate Decision0.1 %
Nov 5, 202007:00BoE Interest Rate Decision0.1 %
Sep 17, 202011:00BoE Interest Rate Decision0.1 %

A Look at the Markets

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United Kingdom money Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
4,296,072
Jul 2021
4,302,256
Jun 2021
3,342,179
Sep 2014
4,314,103
May 2020
GBP MillionMonthly2010 - 2021
Central Bank Balance Sheet
1,000,044
Sep 2021
999,511
Sep 2021
76,991
Feb 2007
1,000,044
Sep 2021
GBP MillionWeekly2006 - 2021
Deposit Interest Rate
0
Aug 2021
0
Jul 2021
-0.15
Mar 2020
4.25
Oct 2008
%Monthly2008 - 2021
Foreign Exchange Reserves
201,711.94
Aug 2021
178,114.56
Jul 2021
35,190.42
Feb 2000
201,711.94
Aug 2021
USD MillionMonthly1999 - 2021
Interbank Rate
0.08
Sep 2021
0.08
Sep 2021
0.02
Dec 2020
15.63
Oct 1989
%Daily1986 - 2021
Interest Rate
0.1
Sep 2021
0.1
Aug 2021
0.1
Mar 2020
17
Apr 1980
%Daily1971 - 2021

Interest Rate across Europe

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
0.5
Aug 2021
0.5
Jul 2021
0.5
Mar 2020
8.5
Nov 2002
%Daily2001 - 2021
Armenia
7.25
Sep 2021
7
Aug 2021
4.25
Sep 2020
10.5
Jun 2015
%Daily2010 - 2021
Euro Area
0
Sep 2021
0
Aug 2021
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2021
Belarus
9.25
Aug 2021
9.25
Jul 2021
7.75
Jun 2020
480
Nov 1994
%Daily1991 - 2021
Bosnia and Herzegovina
3.02
Jun 2021
3.38
May 2021
2.83
Nov 2020
80.25
Jan 1999
%Monthly1998 - 2021
Croatia
2.5
Jul 2021
2.5
Jun 2021
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2021

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