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United Kingdom Interest Rate

Last Release
Dec 2019
Actual
0.75 %
Forecast
0.75 %
Previous
0.75 %
Frequency
Daily
Units In
%
Next Release
Jan 30, 2020
Time to Release
0 Days 15 Hours
Highest
Lowest
Average
Date Range
Source
17 %
Apr 1980
0.25 %
Oct 2017
7.44 %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 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
DATETIMEEVENT
Dec 19, 201912:00BoE Interest Rate Decision
Nov 7, 201912:00BoE Quantitative Easing
Nov 7, 201912:00MPC Meeting Minutes
Nov 7, 201912:00BoE Interest Rate Decision
Sep 19, 201911:00BoE Quantitative Easing
Sep 19, 201911:00BoE Interest Rate Decision
Sep 19, 201911:00MPC Meeting Minutes

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

United Kingdom money Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
4,006,620
Nov 2019
3,949,005
Oct 2019
3,342,179
Sep 2014
4,060,273
Jan 2010
GBP MillionMonthly2010 - 2019
Central Bank Balance Sheet
580,694
Jan 2020
582,778
Dec 2019
76,991
Feb 2007
597,303
Mar 2019
GBP MillionWeekly2006 - 2020
Deposit Interest Rate
0.5
Dec 2019
0.5
Nov 2019
0
Oct 2017
4.25
Oct 2008
%Monthly2008 - 2019
Foreign Exchange Reserves
182,716.16
Dec 2019
177,334.22
Nov 2019
35,190.42
Feb 2000
182,716.16
Dec 2019
USD MillionMonthly1999 - 2019
Interbank Rate
0.69
Jan 2020
0.69
Jan 2020
0.28
Sep 2017
15.63
Oct 1989
%Daily1986 - 2020
Interest Rate
0.75
Dec 2019
0.75
Nov 2019
0.25
Oct 2017
17
Apr 1980
%Daily1971 - 2019

Interest Rate across Europe

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
1
Dec 2019
1
Nov 2019
1
Nov 2018
8.5
Nov 2002
%Daily2001 - 2019
Armenia
5.5
Jan 2020
5.5
Dec 2019
5.5
Sep 2019
10.5
Jun 2015
%Daily2010 - 2020
Euro Area
0
Jan 2020
0
Dec 2019
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2020
Belarus
9
Jan 2020
9
Dec 2019
9
Nov 2019
480
Nov 1994
%Daily1991 - 2020
Bosnia and Herzegovina
3.15
Nov 2019
3.13
Oct 2019
3.06
Jul 2019
80.25
Jan 1999
%Monthly1998 - 2019
Croatia
2.5
Dec 2019
2.5
Nov 2019
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2019
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