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Official Bank Rate

UK Official Bank Rate

This rate is the central plank of the Bank of England's monetary policy and is the interest paid by member financial institutions to borrow money from the Bank. By changing this rate, the Bank can affect other interest rates in a bid to keep inflation within its 2% target rate.

Key Interest Rates

Last 10 values for UK Official Bank Rate
Date Value Previous Change
Mar 19, 2020 0.10 0.25 -15.00 bps
Mar 11, 2020 0.25 0.75 -50.00 bps
Aug 2, 2018 0.75 0.50 +25.00 bps
Nov 2, 2017 0.50 0.25 +25.00 bps
Aug 4, 2016 0.25 0.50 -25.00 bps
Mar 5, 2009 0.50 1.00 -50.00 bps
Feb 5, 2009 1.00 1.50 -50.00 bps
Jan 8, 2009 1.50 2.00 -50.00 bps
Dec 4, 2008 2.00 3.00 -100.00 bps
Nov 6, 2008 3.00 4.50 -150.00 bps
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