United Kingdom Interest Rate

Last Release
Aug 2019
Actual
0.75 %
Forecast
0.75 %
Previous
0.75 %
Frequency
Daily
Units In
%
Next Release
Sep 19, 2019
Time to Release
27 Days 12 Hours
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Highest
Lowest
Average
Date Range
Source
17 %
Apr 1980
0.25 %
Oct 2017
7.48 % 1971 - 2019Bank 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 unanimously to hold the Bank Rate at 0.75 percent during its August policy meeting, and reaffirmed its pledge to gradual and limited rate rises under the assumption of a smooth Brexit and some recovery in global growth. Still, the central bank lowered its GDP forecasts for 2019 and 2020 on the back of slower export growth and weak business investment.

United Kingdom Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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
Mar 21, 201912:13BoE Holds Rates
DATETIMEEVENT
Aug 1, 201911:30BoE Press Conference
Aug 1, 201911:00BoE Interest Rate Decision
Aug 1, 201911:00MPC Meeting Minutes
Aug 1, 201911:00BoE Quantitative Easing
Jun 20, 201911:00BoE Interest Rate Decision
Jun 20, 201911:00BoE Quantitative Easing
Jun 20, 201911:00MPC Meeting Minutes

A Look at the Markets

Educational Pieces on Marco Indicators

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United Kingdom money Indicators

All United Kingdom indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
3,878,267
Jun 2019
3,852,919
May 2019
3,342,179
Sep 2014
4,060,273
Jan 2010
GBP MillionMonthly2010 - 2019
Central Bank Balance Sheet
592,355
Jul 2019
593,117
Jul 2019
76,991
Feb 2007
597,303
Mar 2019
GBP MillionWeekly2006 - 2019
Deposit Interest Rate
0.5
Aug 2019
0.5
Jul 2019
0
Oct 2017
4.25
Oct 2008
%Monthly2008 - 2019
Foreign Exchange Reserves
173,886.54
Jul 2019
168,206.36
Jun 2019
35,190.42
Feb 2000
180,845.18
Jan 2019
USD MillionMonthly1999 - 2019
Interbank Rate
0.77
Aug 2019
0.77
Aug 2019
0.28
Sep 2017
15.63
Oct 1989
%Daily1986 - 2019
Interest Rate
0.75
Aug 2019
0.75
Jul 2019
0.25
Oct 2017
17
Apr 1980
%Daily1971 - 2019

Interest Rate across Europe

Interest Rate global view
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Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
1
Aug 2019
1
Jul 2019
1
Nov 2018
8.5
Nov 2002
%Daily2001 - 2019
Armenia
5.75
Jul 2019
5.75
Jun 2019
5.75
Jan 2019
10.5
Jun 2015
%Daily2010 - 2019
Euro Area
0
Jul 2019
0
Jun 2019
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2019
Belarus
9.5
Aug 2019
10
Jul 2019
9.5
Aug 2019
480
Nov 1994
%Daily1991 - 2019
Bosnia and Herzegovina
3.35
Jun 2019
3.46
May 2019
3.34
Apr 2019
80.25
Jan 1999
%Monthly1998 - 2019
Croatia
2.5
Jun 2019
2.5
May 2019
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2019
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