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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 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 |
| Oct 8, 2008 | 4.50 | 5.00 | -50.00 bps |
| Apr 10, 2008 | 5.00 | 5.25 | -25.00 bps |
| Feb 7, 2008 | 5.25 | 5.50 | -25.00 bps |
| Dec 6, 2007 | 5.50 | 5.75 | -25.00 bps |
| Jul 5, 2007 | 5.75 | 5.50 | +25.00 bps |