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United Kingdom Interest Rate

Last Release
Nov 03, 2022
Actual
3
Units In
%
Previous
2.25
Frequency
Daily
Next Release
Dec 15, 2022
Time to Release
17 Days 11 Hours
Highest
Lowest
Average
Date Range
Source
17
Nov 1979
0.1
Mar 2020
7.13 %1971-2022Bank 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 voted by a majority of 7-2 to raise interest rates by 75 bps to 3% during its November meeting, the largest rate hike since 1989, increasing the cost of borrowing to the highest level since late-2008. Policymakers voiced concerns about stubbornly high inflation, which rose back to a 40-year high in September, amid weakening economic outlook. The central bank also said further increases in Bank Rate may be required for a sustainable return of inflation to target, albeit to a peak lower than priced into financial markets. Looking ahead, GDP is projected to continue to fall throughout 2023 and 2024 H1, as high energy prices and materially tighter financial conditions weigh on spending; while CPI inflation starts to fall back from early next year, before dropping sharply to some way below the 2% target in two years’ time.

United Kingdom Interest Rate History

Last 12 readings

United Kingdom Money Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
4,531,793
Sep 2022
4,513,549
Aug 2022
3,342,179
Sep 2014
4,550,345
May 2022
GBP MillionMonthly2010-2022
Central Bank Balance Sheet
1,094,203
Nov 2022
1,094,220
Nov 2022
76,991
Feb 2007
1,119,387
Dec 2021
GBP MillionWeekly2006-2022
Deposit Interest Rate
2.75
Nov 2022
2
Oct 2022
2
Sep 2022
4.25
Oct 2008
%Monthly2008-2022
Foreign Exchange Reserves
176,103.92
Oct 2022
171,551.2
Sep 2022
35,190.42
Feb 2000
203,709.23
Dec 2021
USD MillionMonthly1999-2022
Interbank Rate
3.6
Nov 2022
3.6
Nov 2022
0.02
Dec 2020
15.63
Oct 1989
%Daily1986-2022
Interest Rate
3
Nov 2022
2.25
Oct 2022
0.1
Mar 2020
17
Nov 1979
%Daily1971-2022
Lending Rate
3.25
Nov 2022
2.5
Oct 2022
0.35
Mar 2020
4.75
Oct 2008
%Monthly2008-2022
Loans To Private Sector
2,731,774
Jun 2022
2,698,489
Dec 2021
8,755
Mar 1963
2,812,955
Mar 2009
GBP MillionQuarterly1963-2022
Money Supply M0
93,602
Oct 2022
94,326
Sep 2022
3,530
Jul 1969
95,756
Jan 2022
GBP MillionMonthly1969-2022
Money Supply M1
2,563,816
Sep 2022
2,477,614
Aug 2022
82,369
Sep 1986
2,563,816
Sep 2022
GBP MillionMonthly1986-2022
Money Supply M2
3,213,819
Sep 2022
3,112,903
Aug 2022
167,346
Dec 1986
3,213,819
Sep 2022
GBP MillionMonthly1986-2022
Money Supply M3
3,699,159
Sep 2022
3,604,020
Aug 2022
263,079
Jan 1987
3,699,159
Sep 2022
GBP MillionMonthly1987-2022
Private Debt to GDP
183.9
Dec 2021
208.2
Dec 2020
154.5
Dec 1997
238
Dec 2008
%Yearly1995-2021

Interest Rate across Europe

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
2.75
Nov 2022
2.25
Oct 2022
0.5
Mar 2020
8.5
Apr 2002
% Daily2001-2022
Armenia
10.5
Nov 2022
10.5
Nov 2022
3
Aug 2005
10.5
Feb 2015
% Daily2003-2022
Austria
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Belarus
12
Oct 2022
12
Sep 2022
7.75
Jun 2020
480
Nov 1994
% Daily1991-2022
Belgium
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Bosnia and Herzegovina
3.58
Sep 2022
3.63
Jul 2022
2.83
Nov 2020
80.25
Jan 1999
% Monthly1998-2022
Bulgaria
0.49
Nov 2022
0
Oct 2022
0.49
Nov 2022
5.77
Dec 2008
% Daily2005-2022
Croatia
2.5
Sep 2022
2.5
Aug 2022
2.5
Oct 2015
4,290.85
Sep 1993
% Daily1992-2022
Cyprus
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Czech Republic
7
Nov 2022
7
Oct 2022
0.05
Nov 2012
39
Jun 1997
% Daily1995-2022
Denmark
1.25
Oct 2022
0.65
Sep 2022
-0.75
Feb 2015
15
Nov 1992
% Daily1992-2022
Estonia
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Euro Area
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% Daily1998-2022
Finland
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
France
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Georgia
11
Oct 2022
11
Sep 2022
3.75
Aug 2013
12
Apr 2008
% Daily2008-2022
Germany
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Greece
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Hungary
13
Nov 2022
13
Oct 2022
0.6
Jul 2020
28
Jan 1995
% Daily1987-2022
Iceland
6
Nov 2022
5.75
Oct 2022
0.75
Nov 2020
18
Oct 2008
% Daily1998-2022
Ireland
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Italy
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Latvia
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Lithuania
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Luxembourg
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Macedonia
4.25
Nov 2022
3.5
Oct 2022
1.25
Mar 2021
15.21
Dec 2002
% Daily2002-2022
Malta
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Moldova
21.5
Nov 2022
21.5
Oct 2022
2.65
Nov 2020
21.5
Aug 2022
% Daily2001-2022
Netherlands
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Norway
2.5
Nov 2022
2.25
Oct 2022
0.25
Sep 2021
11
Sep 1992
% Daily1991-2022
Poland
6.75
Nov 2022
6.75
Oct 2022
0.1
May 2020
24
Feb 1998
% Monthly1998-2022
Portugal
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Romania
6.75
Nov 2022
6.25
Oct 2022
1.25
Jan 2021
12.5
Apr 2005
% Daily2005-2022
Russian Federation
7.5
Oct 2022
7.5
Sep 2022
4.25
Jul 2020
20
Feb 2022
% Daily2003-2022
Serbia
4.5
Nov 2022
4
Oct 2022
1
Dec 2020
18
Sep 2006
% Daily2006-2022
Slovakia
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Slovenia
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Spain
2
Oct 2022
1.25
Sep 2022
0.5
Jul 2022
4.75
Oct 2000
% N/A1998-2022
Sweden
2.5
Nov 2022
1.75
Oct 2022
-0.5
Feb 2016
8.91
Jul 1995
% Daily1994-2022
Switzerland
0.5
Oct 2022
0.5
Sep 2022
-0.75
Jan 2015
3.5
Jun 2000
% Daily2000-2022
Turkey
9
Nov 2022
10.5
Oct 2022
4.5
May 2013
500
Mar 1994
% Daily1990-2022
Ukraine
25
Oct 2022
25
Sep 2022
6
Jun 2020
300
Oct 1994
% Daily1992-2022
United Kingdom
3
Nov 2022
2.25
Oct 2022
0.1
Mar 2020
17
Nov 1979
% Daily1971-2022

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