United Kingdom Interest Rate 1971-2014 | Data | Chart | Calendar

The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion. Interest Rate in the United Kingdom averaged 8.02 Percent from 1971 until 2014, reaching an all time high of 17 Percent in November of 1979 and a record low of 0.50 Percent in March of 2009. Interest Rate in the United Kingdom is reported by the Bank of England.

      Forecast    
United Kingdom Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 17.00 0.50 1971 - 2014 percent Daily
In the United Kingdom, the Bank of England has operational independence. Decisions on interest rates are taken 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). This page provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United Kingdom Interest Rate - was last refreshed on Sunday, December 21, 2014.


Bank of England Keeps Monetary Policy Unchanged


The Bank of England’s Monetary Policy Committee, as expected, maintained Bank Rate at 0.5% and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009.  A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009.  The previous change in the size of that programme was an increase of £50 billion to a total of £375 billion on 5 July 2012. 

The Bank will continue to offer to purchase high-quality private sector assets on behalf of the Treasury, financed by the issue of Treasury bills, in line with the arrangements announced on 29 January 2009 and 29 November 2011.

Bank of England | anna@tradingeconomics.com
12/4/2014 12:07:58 PM


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BoE Leaves Monetary Policy Unchanged
The Bank of England decided to keep the bank rate unchanged at 0.5 percent on November 6th. The decision was widely expected. Published on 2014-11-06


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-19 09:30 AM
MPC Meeting Minutes 
2014-12-04 12:00 PM
BoE Interest Rate Decision 
0.5% 0.5% 0.5% 0.5%
2014-12-17 09:30 AM
MPC Meeting Minutes 
2015-01-09 12:00 PM
BoE Interest Rate Decision 
2015-01-22 09:30 AM
MPC Meeting Minutes 
2015-02-06 12:00 PM
BoE Interest Rate Decision 


United Kingdom Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 17.00 0.50 percent [+]
Interbank Rate 0.53 0.54 18.11 0.48 percent [+]
Money Supply M0 69903.00 69414.00 69903.00 3528.00 GBP Million [+]
Money Supply M1 1346271.00 1340190.00 1346271.00 82171.00 GBP Million [+]
Money Supply M2 1485783.00 1478672.00 1485783.00 114644.00 GBP Million [+]
Money Supply M3 2349597.00 2358908.00 2423859.00 263027.00 GBP Million [+]
Central Bank Balance Sheet 405132.00 405184.00 414839.00 77638.00 GBP Million [+]
Foreign Exchange Reserves 111156.71 109774.18 111781.49 35190.42 USD Million [+]
Loans to Private Sector 2177308.00 2175067.00 2601972.00 9046.00 GBP Million [+]
Banks Balance Sheet 3343706.00 3343030.00 4060273.00 3343030.00 GBP Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 11.75 Dec/14 11.25 45.00 7.25 percent [+]
Canada 1.00 Dec/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Dec/14 0.05 4.75 0.05 percent [+]
France 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Dec/14 0.05 4.75 0.05 percent [+]
India 8.00 Dec/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Dec/14 7.75 12.75 5.75 percent [+]
Italy 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Dec/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Dec/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Russia 17.00 Dec/14 9.50 17.00 5.00 percent [+]
South Korea 2.00 Dec/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Switzerland -0.25 Dec/14 0.00 3.50 -0.25 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Dec/14 0.50 17.00 0.50 percent [+]
United States 0.25 Dec/14 0.25 20.00 0.25 percent [+]