Bank Rate since 1975
Month-end Bank Rate, %. Source: Bank of England, series IUDBEDR.
Every Bank Rate change
| Date | New rate | Previous | Change |
|---|---|---|---|
| 18 December 2025 | 3.75% | 4.00% | -25bp |
| 7 August 2025 | 4.00% | 4.25% | -25bp |
| 8 May 2025 | 4.25% | 4.50% | -25bp |
| 6 February 2025 | 4.50% | 4.75% | -25bp |
| 7 November 2024 | 4.75% | 5.00% | -25bp |
| 1 August 2024 | 5.00% | 5.25% | -25bp |
| 3 August 2023 | 5.25% | 5.00% | +25bp |
| 22 June 2023 | 5.00% | 4.50% | +50bp |
| 11 May 2023 | 4.50% | 4.25% | +25bp |
| 23 March 2023 | 4.25% | 4.00% | +25bp |
| 2 February 2023 | 4.00% | 3.50% | +50bp |
| 15 December 2022 | 3.50% | 3.00% | +50bp |
| 3 November 2022 | 3.00% | 2.25% | +75bp |
| 22 September 2022 | 2.25% | 1.75% | +50bp |
| 4 August 2022 | 1.75% | 1.25% | +50bp |
| 16 June 2022 | 1.25% | 1.00% | +25bp |
| 5 May 2022 | 1.00% | 0.75% | +25bp |
| 17 March 2022 | 0.75% | 0.50% | +25bp |
| 3 February 2022 | 0.50% | 0.25% | +25bp |
| 16 December 2021 | 0.25% | 0.10% | +15bp |
| 19 March 2020 | 0.10% | 0.25% | -15bp |
| 11 March 2020 | 0.25% | 0.75% | -50bp |
| 2 August 2018 | 0.75% | 0.50% | +25bp |
| 2 November 2017 | 0.50% | 0.25% | +25bp |
| 4 August 2016 | 0.25% | 0.50% | -25bp |
| 5 March 2009 | 0.50% | 1.00% | -50bp |
| 5 February 2009 | 1.00% | 1.50% | -50bp |
| 8 January 2009 | 1.50% | 2.00% | -50bp |
| 4 December 2008 | 2.00% | 3.00% | -100bp |
| 6 November 2008 | 3.00% | 4.50% | -150bp |
| 8 October 2008 | 4.50% | 5.00% | -50bp |
| 10 April 2008 | 5.00% | 5.25% | -25bp |
| 7 February 2008 | 5.25% | 5.50% | -25bp |
| 6 December 2007 | 5.50% | 5.75% | -25bp |
| 5 July 2007 | 5.75% | 5.50% | +25bp |
| 10 May 2007 | 5.50% | 5.25% | +25bp |
| 11 January 2007 | 5.25% | 5.00% | +25bp |
| 9 November 2006 | 5.00% | 4.75% | +25bp |
| 3 August 2006 | 4.75% | 4.50% | +25bp |
| 4 August 2005 | 4.50% | 4.75% | -25bp |
| 5 August 2004 | 4.75% | 4.50% | +25bp |
| 10 June 2004 | 4.50% | 4.25% | +25bp |
| 6 May 2004 | 4.25% | 4.00% | +25bp |
| 5 February 2004 | 4.00% | 3.75% | +25bp |
| 6 November 2003 | 3.75% | 3.50% | +25bp |
| 10 July 2003 | 3.50% | 3.75% | -25bp |
| 6 February 2003 | 3.75% | 4.00% | -25bp |
| 8 November 2001 | 4.00% | 4.50% | -50bp |
| 4 October 2001 | 4.50% | 4.75% | -25bp |
| 18 September 2001 | 4.75% | 5.00% | -25bp |
| 2 August 2001 | 5.00% | 5.25% | -25bp |
| 10 May 2001 | 5.25% | 5.50% | -25bp |
| 5 April 2001 | 5.50% | 5.75% | -25bp |
| 8 February 2001 | 5.75% | 6.00% | -25bp |
| 10 February 2000 | 6.00% | 5.75% | +25bp |
| 13 January 2000 | 5.75% | 5.50% | +25bp |
| 4 November 1999 | 5.50% | 5.25% | +25bp |
| 8 September 1999 | 5.25% | 5.00% | +25bp |
| 10 June 1999 | 5.00% | 5.25% | -25bp |
| 8 April 1999 | 5.25% | 5.50% | -25bp |
| 4 February 1999 | 5.50% | 6.00% | -50bp |
| 7 January 1999 | 6.00% | 6.25% | -25bp |
| 10 December 1998 | 6.25% | 6.75% | -50bp |
| 5 November 1998 | 6.75% | 7.25% | -50bp |
| 8 October 1998 | 7.25% | 7.50% | -25bp |
| 4 June 1998 | 7.50% | 7.25% | +25bp |
| 6 November 1997 | 7.25% | 7.00% | +25bp |
| 7 August 1997 | 7.00% | 6.75% | +25bp |
| 10 July 1997 | 6.75% | 6.50% | +25bp |
| 6 June 1997 | 6.50% | 6.25% | +25bp |
| 6 May 1997 | 6.25% | 5.94% | +31bp |
| 30 October 1996 | 5.94% | 5.69% | +25bp |
| 6 June 1996 | 5.69% | 5.94% | -25bp |
| 8 March 1996 | 5.94% | 6.13% | -19bp |
| 18 January 1996 | 6.13% | 6.38% | -25bp |
| 13 December 1995 | 6.38% | 6.63% | -25bp |
| 2 February 1995 | 6.63% | 6.13% | +50bp |
| 7 December 1994 | 6.13% | 5.63% | +50bp |
| 12 September 1994 | 5.63% | 5.13% | +50bp |
| 8 February 1994 | 5.13% | 5.38% | -25bp |
| 23 November 1993 | 5.38% | 5.88% | -50bp |
| 26 January 1993 | 5.88% | 6.88% | -100bp |
| 13 November 1992 | 6.88% | 7.88% | -100bp |
| 16 October 1992 | 7.88% | 8.88% | -100bp |
| 22 September 1992 | 8.88% | 9.88% | -100bp |
| 5 May 1992 | 9.88% | 10.38% | -50bp |
| 4 September 1991 | 10.38% | 10.88% | -50bp |
| 12 July 1991 | 10.88% | 11.38% | -50bp |
| 24 May 1991 | 11.38% | 11.88% | -50bp |
| 12 April 1991 | 11.88% | 12.38% | -50bp |
| 22 March 1991 | 12.38% | 12.88% | -50bp |
| 27 February 1991 | 12.88% | 13.38% | -50bp |
| 13 February 1991 | 13.38% | 13.88% | -50bp |
| 8 October 1990 | 13.88% | 14.88% | -100bp |
| 6 October 1989 | 14.88% | 13.75% | +113bp |
| 8 September 1989 | 13.75% | 13.88% | -13bp |
| 4 September 1989 | 13.88% | 13.84% | +3bp |
| 31 August 1989 | 13.84% | 13.75% | +9bp |
| 25 May 1989 | 13.75% | 12.88% | +88bp |
| 25 November 1988 | 12.88% | 11.88% | +100bp |
| 25 August 1988 | 11.88% | 10.88% | +100bp |
| 8 August 1988 | 10.88% | 10.38% | +50bp |
| 21 July 1988 | 10.38% | 9.88% | +50bp |
| 7 July 1988 | 9.88% | 8.88% | +100bp |
| 24 June 1988 | 8.88% | 8.38% | +50bp |
| 10 June 1988 | 8.38% | 7.88% | +50bp |
| 3 June 1988 | 7.88% | 7.38% | +50bp |
| 17 May 1988 | 7.38% | 7.88% | -50bp |
| 8 April 1988 | 7.88% | 8.38% | -50bp |
| 17 March 1988 | 8.38% | 8.88% | -50bp |
| 1 February 1988 | 8.88% | 8.38% | +50bp |
| 3 December 1987 | 8.38% | 8.88% | -50bp |
| 4 November 1987 | 8.88% | 9.38% | -50bp |
| 23 October 1987 | 9.38% | 9.88% | -50bp |
| 6 August 1987 | 9.88% | 8.88% | +100bp |
| 8 May 1987 | 8.88% | 9.38% | -50bp |
| 28 April 1987 | 9.38% | 9.88% | -50bp |
| 18 March 1987 | 9.88% | 10.38% | -50bp |
| 9 March 1987 | 10.38% | 10.88% | -50bp |
| 15 October 1986 | 10.88% | 9.88% | +100bp |
| 23 May 1986 | 9.88% | 10.38% | -50bp |
| 18 April 1986 | 10.38% | 10.88% | -50bp |
| 11 April 1986 | 10.88% | 11.38% | -50bp |
| 19 March 1986 | 11.38% | 12.38% | -100bp |
| 15 January 1986 | 12.38% | 11.38% | +100bp |
| 26 July 1985 | 11.38% | 11.88% | -50bp |
| 11 July 1985 | 11.88% | 12.38% | -50bp |
| 19 April 1985 | 12.38% | 12.88% | -50bp |
| 28 March 1985 | 12.88% | 13.38% | -50bp |
| 20 March 1985 | 13.38% | 13.88% | -50bp |
| 28 January 1985 | 13.88% | 11.88% | +200bp |
| 14 January 1985 | 11.88% | 9.50% | +238bp |
| 23 November 1984 | 9.50% | 9.75% | -25bp |
| 19 November 1984 | 9.75% | 10.00% | -25bp |
| 5 November 1984 | 10.00% | 10.50% | -50bp |
| 17 August 1984 | 10.50% | 10.75% | -25bp |
| 16 August 1984 | 10.75% | 11.00% | -25bp |
| 9 August 1984 | 11.00% | 11.50% | -50bp |
| 8 August 1984 | 11.50% | 12.00% | -50bp |
| 11 July 1984 | 12.00% | 10.00% | +200bp |
| 6 July 1984 | 10.00% | 8.88% | +113bp |
| 29 June 1984 | 8.88% | 9.06% | -19bp |
| 10 May 1984 | 9.06% | 8.56% | +50bp |
| 14 March 1984 | 8.56% | 8.81% | -25bp |
| 7 March 1984 | 8.81% | 9.06% | -25bp |
| 3 October 1983 | 9.06% | 9.56% | -50bp |
| 10 August 1983 | 9.56% | 9.44% | +13bp |
| 9 August 1983 | 9.44% | 9.56% | -13bp |
| 14 June 1983 | 9.56% | 9.81% | -25bp |
| 13 June 1983 | 9.81% | 10.06% | -25bp |
| 14 April 1983 | 10.06% | 10.31% | -25bp |
| 13 April 1983 | 10.31% | 10.56% | -25bp |
| 15 March 1983 | 10.56% | 11.00% | -44bp |
| 12 January 1983 | 11.00% | 10.00% | +100bp |
| 26 November 1982 | 10.00% | 9.13% | +88bp |
| 2 November 1982 | 9.13% | 9.38% | -25bp |
| 1 November 1982 | 9.38% | 9.63% | -25bp |
| 12 October 1982 | 9.63% | 10.13% | -50bp |
| 30 September 1982 | 10.13% | 10.25% | -13bp |
| 29 September 1982 | 10.25% | 10.38% | -13bp |
| 28 September 1982 | 10.38% | 10.50% | -13bp |
| 27 September 1982 | 10.50% | 10.63% | -13bp |
| 27 August 1982 | 10.63% | 10.88% | -25bp |
| 26 August 1982 | 10.88% | 11.00% | -13bp |
| 25 August 1982 | 11.00% | 11.13% | -13bp |
| 24 August 1982 | 11.13% | 11.25% | -13bp |
| 17 August 1982 | 11.25% | 11.38% | -13bp |
| 16 August 1982 | 11.38% | 11.50% | -13bp |
| 4 August 1982 | 11.50% | 11.56% | -6bp |
| 2 August 1982 | 11.56% | 11.63% | -6bp |
| 30 July 1982 | 11.63% | 11.75% | -13bp |
| 29 July 1982 | 11.75% | 11.81% | -6bp |
| 28 July 1982 | 11.81% | 11.94% | -13bp |
| 26 July 1982 | 11.94% | 12.06% | -13bp |
| 21 July 1982 | 12.06% | 12.13% | -6bp |
| 13 July 1982 | 12.13% | 12.25% | -13bp |
| 12 July 1982 | 12.25% | 12.50% | -25bp |
| 9 July 1982 | 12.50% | 12.63% | -13bp |
| 8 June 1982 | 12.63% | 13.13% | -50bp |
| 20 April 1982 | 13.13% | 13.00% | +13bp |
| 19 April 1982 | 13.00% | 13.13% | -13bp |
| 16 April 1982 | 13.13% | 13.25% | -13bp |
| 10 March 1982 | 13.25% | 13.63% | -38bp |
| 25 February 1982 | 13.63% | 13.81% | -19bp |
| 22 February 1982 | 13.81% | 13.88% | -6bp |
| 22 January 1982 | 13.88% | 14.00% | -13bp |
| 21 January 1982 | 14.00% | 14.13% | -13bp |
| 20 January 1982 | 14.13% | 14.25% | -13bp |
| 19 January 1982 | 14.25% | 14.31% | -6bp |
| 18 January 1982 | 14.31% | 14.38% | -6bp |
| 4 December 1981 | 14.38% | 14.56% | -19bp |
| 25 November 1981 | 14.56% | 14.63% | -6bp |
| 9 November 1981 | 14.63% | 15.06% | -44bp |
| 6 November 1981 | 15.06% | 15.13% | -6bp |
| 28 October 1981 | 15.13% | 15.00% | +13bp |
| 12 October 1981 | 15.00% | 14.00% | +100bp |
| 15 September 1981 | 14.00% | 12.69% | +131bp |
| 25 August 1981 | 12.69% | 12.00% | +69bp |
| 11 March 1981 | 12.00% | 14.00% | -200bp |
| 25 November 1980 | 14.00% | 16.00% | -200bp |
| 3 July 1980 | 16.00% | 17.00% | -100bp |
| 15 November 1979 | 17.00% | 14.00% | +300bp |
| 13 June 1979 | 14.00% | 12.00% | +200bp |
| 5 April 1979 | 12.00% | 13.00% | -100bp |
| 1 March 1979 | 13.00% | 14.00% | -100bp |
| 8 February 1979 | 14.00% | 12.50% | +150bp |
| 9 November 1978 | 12.50% | 10.00% | +250bp |
| 8 June 1978 | 10.00% | 9.00% | +100bp |
| 15 May 1978 | 9.00% | 8.75% | +25bp |
| 8 May 1978 | 8.75% | 7.50% | +125bp |
| 12 April 1978 | 7.50% | 6.50% | +100bp |
| 9 January 1978 | 6.50% | 7.00% | -50bp |
| 28 November 1977 | 7.00% | 5.00% | +200bp |
| 17 October 1977 | 5.00% | 5.50% | -50bp |
| 10 October 1977 | 5.50% | 6.00% | -50bp |
| 19 September 1977 | 6.00% | 6.50% | -50bp |
| 12 September 1977 | 6.50% | 7.00% | -50bp |
| 15 August 1977 | 7.00% | 7.50% | -50bp |
| 8 August 1977 | 7.50% | 8.00% | -50bp |
| 16 May 1977 | 8.00% | 8.25% | -25bp |
| 2 May 1977 | 8.25% | 8.75% | -50bp |
| 25 April 1977 | 8.75% | 9.00% | -25bp |
| 18 April 1977 | 9.00% | 9.25% | -25bp |
| 12 April 1977 | 9.25% | 9.50% | -25bp |
| 31 March 1977 | 9.50% | 10.50% | -100bp |
| 21 March 1977 | 10.50% | 11.00% | -50bp |
| 10 March 1977 | 11.00% | 12.00% | -100bp |
| 3 February 1977 | 12.00% | 12.25% | -25bp |
| 31 January 1977 | 12.25% | 13.25% | -100bp |
| 24 January 1977 | 13.25% | 14.00% | -75bp |
| 10 January 1977 | 14.00% | 14.25% | -25bp |
| 29 December 1976 | 14.25% | 14.50% | -25bp |
| 20 December 1976 | 14.50% | 14.75% | -25bp |
| 22 November 1976 | 14.75% | 15.00% | -25bp |
| 7 October 1976 | 15.00% | 13.00% | +200bp |
| 13 September 1976 | 13.00% | 11.50% | +150bp |
| 24 May 1976 | 11.50% | 10.50% | +100bp |
| 26 April 1976 | 10.50% | 9.00% | +150bp |
| 8 March 1976 | 9.00% | 9.25% | -25bp |
| 1 March 1976 | 9.25% | 9.50% | -25bp |
| 9 February 1976 | 9.50% | 10.00% | -50bp |
| 2 February 1976 | 10.00% | 10.50% | -50bp |
| 26 January 1976 | 10.50% | 10.75% | -25bp |
| 19 January 1976 | 10.75% | 11.00% | -25bp |
| 5 January 1976 | 11.00% | 11.25% | -25bp |
| 29 December 1975 | 11.25% | 11.50% | -25bp |
| 1 December 1975 | 11.50% | 11.75% | -25bp |
| 17 November 1975 | 11.75% | 12.00% | -25bp |
| 6 October 1975 | 12.00% | 11.00% | +100bp |
| 28 July 1975 | 11.00% | 10.00% | +100bp |
| 5 May 1975 | 10.00% | 9.75% | +25bp |
| 21 April 1975 | 9.75% | 10.00% | -25bp |
| 24 March 1975 | 10.00% | 10.25% | -25bp |
| 10 March 1975 | 10.25% | 10.50% | -25bp |
| 17 February 1975 | 10.50% | 10.75% | -25bp |
| 10 February 1975 | 10.75% | 11.00% | -25bp |
| 27 January 1975 | 11.00% | 11.25% | -25bp |
| 20 January 1975 | 11.25% | 11.50% | -25bp |
What is Bank Rate?
Bank Rate, often called the base rate, is the interest rate the Bank of England pays on reserves held by commercial banks. It is set by the nine-member Monetary Policy Committee, which meets eight times a year to keep CPI inflation at the government's 2% target. Changes feed through to mortgage, loan and savings rates across the UK. Compare it with the latest UK inflation figures.
Download and cite this data
Download every Bank Rate change (CSV).
Free to reuse with attribution. Suggested citation:
Financial Gazette, "Bank of England Bank Rate history", https://financialgazette.co.uk/data/bank-rate (source: Bank of England).
Source: Bank of England Database, refreshed automatically each day. Figures are taken unchanged from the source.