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United Kingdom Interest Rate

Last Release
Mar 2021
Actual
0.1 %
Forecast
N/A
Previous
0.1 %
Frequency
Daily
Units In
%
Next Release
May 6, 2021
Time to Release
21 Days 0 Hours
Highest
Lowest
Average
Date Range
Source
17 %
Apr 1980
0.1 %
Mar 2020
7.29 %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's Monetary Policy Committee voted by a majority of 7-2 to hold Bank Rate at 0.75 percent during its December meeting, as policymakers took a wait-and-see approach following Prime Minister Boris Johnson's election victory and its possible implications on Brexit. Two members have voted for a second month in a row for a rate cut amid concerns about the job market.

United Kingdom Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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
Sep 19, 201911:14BoE Leaves Monetary Policy Unchanged
Aug 1, 201911:24BoE Holds Rates, Reaffirms Pledge to Gradual Hikes
Jun 20, 201911:19BoE Holds Rates, Cuts Q2 Growth Forecast
May 2, 201911:50BoE Still Plans to Raise Rates
DATETIMEEVENTActual
Mar 18, 202112:00BoE Interest Rate Decision0.1 %
Nov 5, 202007:00BoE Interest Rate Decision0.1 %
Sep 17, 202011:00BoE Interest Rate Decision0.1 %
Aug 6, 202006:00BoE Interest Rate Decision0.1 %
Jun 18, 202011:00BoE Interest Rate Decision0.1 %
May 7, 202006:00BoE Interest Rate Decision0.1 %
Mar 26, 202012:00BoE Interest Rate Decision0.1 %

United Kingdom money Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
4,254,940
Feb 2021
4,242,172
Jan 2021
3,342,179
Sep 2014
4,314,103
May 2020
GBP MillionMonthly2010 - 2021
Central Bank Balance Sheet
932,626
Apr 2021
929,165
Mar 2021
76,991
Feb 2007
932,626
Apr 2021
GBP MillionWeekly2006 - 2021
Deposit Interest Rate
0
Mar 2021
0
Feb 2021
-0.15
Mar 2020
4.25
Oct 2008
%Monthly2008 - 2021
Foreign Exchange Reserves
178,148.49
Mar 2021
178,804.91
Feb 2021
35,190.42
Feb 2000
186,655.93
Dec 2020
USD MillionMonthly1999 - 2021
Interbank Rate
0.09
Apr 2021
0.09
Apr 2021
0.02
Dec 2020
15.63
Oct 1989
%Daily1986 - 2021
Interest Rate
0.1
Mar 2021
0.1
Feb 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
Mar 2021
0.5
Feb 2021
0.5
Mar 2020
8.5
Nov 2002
%Daily2001 - 2021
Armenia
5.5
Mar 2021
5.5
Feb 2021
4.25
Sep 2020
10.5
Jun 2015
%Daily2010 - 2021
Euro Area
0
Mar 2021
0
Feb 2021
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2021
Belarus
8.5
Apr 2021
7.75
Mar 2021
7.75
Jun 2020
480
Nov 1994
%Daily1991 - 2021
Bosnia and Herzegovina
3.16
Jan 2021
3.21
Dec 2020
2.83
Nov 2020
80.25
Jan 1999
%Monthly1998 - 2021
Croatia
2.5
Feb 2021
2.5
Jan 2021
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2021

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