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United Kingdom Interest Rate

Last Release
Mar 2020
Actual
0.1 %
Forecast
0.1 %
Previous
0.1 %
Frequency
Daily
Units In
%
Next Release
May 7, 2020
Time to Release
30 Days 0 Hours
Highest
Lowest
Average
Date Range
Source
17 %
Apr 1980
0.1 %
Mar 2020
7.4 %1971 - 2020Bank 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 26, 202012:00BoE Interest Rate Decision0.1 %
Mar 19, 202014:40BoE Interest Rate Decision0.1 %
Mar 11, 202009:00BoE Press Conference
Mar 11, 202007:00BoE Interest Rate Decision0.25 %
Jan 30, 202012:00BoE Interest Rate Decision0.75 %
Dec 19, 201912:00BoE Interest Rate Decision0.75 %
Nov 7, 201912:00BoE Quantitative Easing435 B

A Look at the Markets

Educational Pieces on Marco Indicators

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United Kingdom money Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
4,066,563
Feb 2020
4,019,148
Jan 2020
3,342,179
Sep 2014
4,066,563
Feb 2020
GBP MillionMonthly2010 - 2020
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
-0.15
Mar 2020
-0.15
Mar 2020
-0.15
Mar 2020
4.25
Oct 2008
%Monthly2008 - 2020
Foreign Exchange Reserves
175,121.55
Mar 2020
172,496.65
Feb 2020
35,190.42
Feb 2000
182,716.16
Dec 2019
USD MillionMonthly1999 - 2020
Interbank Rate
0.64
Apr 2020
0.64
Apr 2020
0.28
Sep 2017
15.63
Oct 1989
%Daily1986 - 2020
Interest Rate
0.1
Mar 2020
0.1
Mar 2020
0.1
Mar 2020
17
Apr 1980
%Daily1971 - 2020

Interest Rate across Europe

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
0.5
Mar 2020
1
Feb 2020
0.5
Mar 2020
8.5
Nov 2002
%Daily2001 - 2020
Armenia
5.25
Mar 2020
5.5
Feb 2020
5.25
Mar 2020
10.5
Jun 2015
%Daily2010 - 2020
Euro Area
0
Mar 2020
0
Feb 2020
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2020
Belarus
8.75
Feb 2020
9
Jan 2020
8.75
Feb 2020
480
Nov 1994
%Daily1991 - 2020
Bosnia and Herzegovina
3.41
Jan 2020
3.03
Dec 2019
3.03
Dec 2019
80.25
Jan 1999
%Monthly1998 - 2020
Croatia
2.5
Feb 2020
2.5
Jan 2020
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2020

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