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United Kingdom Interest Rate
Last Release
Sep 2020
Actual
0.1 %
Forecast
0.1 %
Previous
0.1 %
Frequency
Daily
Units In
%
Next Release
Nov 5, 2020
Time to Release
1 Months 14 Days 9 Hours
Highest | Lowest | Average | Date Range | Source |
17 % Apr 1980 | 0.1 % Mar 2020 | 7.35 % | 1971 - 2020 | 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'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
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Dec 19, 2019 | 12:09 | BoE Keeps Rates Steady amid Cautious Approach |
| Dec 16, 2019 | 17:48 | UK Banks 'Resilient' to No-deal Brexit: 2019 Stress-Test |
| Nov 7, 2019 | 15:00 | BoE Holds Rates, 2 MPC Members Vote for Rate Cut |
| Sep 19, 2019 | 11:14 | BoE Leaves Monetary Policy Unchanged |
| Aug 1, 2019 | 11:24 | BoE Holds Rates, Reaffirms Pledge to Gradual Hikes |
| Jun 20, 2019 | 11:19 | BoE Holds Rates, Cuts Q2 Growth Forecast |
| May 2, 2019 | 11:50 | BoE Still Plans to Raise Rates |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT | Actual |
|---|---|---|---|
| Sep 17, 2020 | 11:00 | BoE Interest Rate Decision | 0.1 % |
| Aug 6, 2020 | 06:00 | BoE Interest Rate Decision | 0.1 % |
| Jun 18, 2020 | 11:00 | BoE Interest Rate Decision | 0.1 % |
| May 7, 2020 | 06:00 | BoE Interest Rate Decision | 0.1 % |
| Mar 26, 2020 | 12:00 | BoE Interest Rate Decision | 0.1 % |
| Mar 19, 2020 | 14:40 | BoE Interest Rate Decision | 0.1 % |
| Mar 11, 2020 | 09:00 | BoE Press Conference |
A Look at the Markets
Educational Pieces on Marco Indicators
all education articles
United Kingdom money Indicators
All United Kingdom indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Banks Balance Sheet | 4,267,699 Jul 2020 | 4,284,959 Jun 2020 | 3,342,179 Sep 2014 | 4,314,103 May 2020 | GBP Million | Monthly | 2010 - 2020 |
| Central Bank Balance Sheet | 854,517 Sep 2020 | 864,053 Sep 2020 | 76,991 Feb 2007 | 864,053 Sep 2020 | GBP Million | Weekly | 2006 - 2020 |
| Deposit Interest Rate | 0 Aug 2020 | 0 Jul 2020 | -0.15 Mar 2020 | 4.25 Oct 2008 | % | Monthly | 2008 - 2020 |
| Foreign Exchange Reserves | 182,692.86 Aug 2020 | 183,126.41 Jul 2020 | 35,190.42 Feb 2000 | 183,126.41 Jul 2020 | USD Million | Monthly | 1999 - 2020 |
| Interbank Rate | 0.05 Sep 2020 | 0.05 Sep 2020 | 0.05 Sep 2020 | 15.63 Oct 1989 | % | Daily | 1986 - 2020 |
| Interest Rate | 0.1 Sep 2020 | 0.1 Aug 2020 | 0.1 Mar 2020 | 17 Apr 1980 | % | Daily | 1971 - 2020 |
Interest Rate across Europe
Interest Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Albania | 0.5 Aug 2020 | 0.5 Jul 2020 | 0.5 Mar 2020 | 8.5 Nov 2002 | % | Daily | 2001 - 2020 |
| Armenia | 4.25 Sep 2020 | 4.5 Aug 2020 | 4.25 Sep 2020 | 10.5 Jun 2015 | % | Daily | 2010 - 2020 |
| Euro Area | 0 Sep 2020 | 0 Aug 2020 | 0 Oct 2018 | 4.75 Apr 2001 | % | Daily | 1998 - 2020 |
| Belarus | 7.75 Aug 2020 | 7.75 Jul 2020 | 7.75 Jun 2020 | 480 Nov 1994 | % | Daily | 1991 - 2020 |
| Bosnia and Herzegovina | 3.05 Jul 2020 | 3.11 Jun 2020 | 2.85 May 2020 | 80.25 Jan 1999 | % | Monthly | 1998 - 2020 |
| Croatia | 2.5 May 2020 | 2.5 Apr 2020 | 2.5 Nov 2018 | 4,290.85 Sep 1993 | % | Daily | 1992 - 2020 |
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