01
1997–2007
Independent MPC era
Operational independence and inflation targeting established Bank Rate as the central policy signal.
UK
BONDSTATS / BOE
OFFICIAL-SOURCE ARCHIVE
United Kingdom · GBP · MONETARY POLICY
Bank of England
Interest Rate History
Bank Rate is the Bank of England’s main policy rate. The official database provides a long historical series; BondStats emphasizes the modern MPC era and the most recent rate cycle.
CURRENT PHASEPost-easing hold
LATEST RATE MOVE−25 bp · Dec 18, 2025
HISTORY LOW*0.10%
HISTORY HIGH*5.25%
LARGEST MOVE*+75 bp
01
Policy-rate path
*Statistics refer to the selected points displayed in this BondStats archive, not necessarily the bank’s all-time extremes.
Selected official Bank Rate changes, focused on the modern cycle and major crisis transitions.26 displayed rate changes
02
Policy regime timeline
02
2008–2016
GFC, QE and ultra-low rates
Bank Rate fell to 0.50% and asset purchases became a major policy instrument.
03
2016–2020
Brexit and pandemic easing
Policy stayed low before emergency cuts took Bank Rate to 0.10% in March 2020.
04
2021–2023
Inflation tightening
A sustained hiking cycle lifted Bank Rate from 0.10% to 5.25%.
05
2024–2026
Gradual easing and hold
The MPC cut in measured steps to 3.75%, then paused as inflation risks remained two-sided.
04
Rate-change archive
Latest first · selected official changes and major transition points
| Date | Policy rate / target | Move | Context |
|---|---|---|---|
| 2026-07-30 | 3.75% | Hold | Latest verified hold |
| 2025-12-18 | 3.75% | -25 bp | Official rate change |
| 2025-08-07 | 4.00% | -25 bp | Official rate change |
| 2025-05-08 | 4.25% | -25 bp | Official rate change |
| 2025-02-06 | 4.50% | -25 bp | Official rate change |
| 2024-11-07 | 4.75% | -25 bp | Official rate change |
| 2024-08-01 | 5.00% | -25 bp | Official rate change |
| 2023-08-03 | 5.25% | +25 bp | Official rate change |
| 2023-06-22 | 5.00% | +50 bp | Official rate change |
| 2023-05-11 | 4.50% | +25 bp | Official rate change |
| 2023-03-23 | 4.25% | +25 bp | Official rate change |
| 2023-02-02 | 4.00% | +50 bp | Official rate change |
| 2022-12-15 | 3.50% | +50 bp | Official rate change |
| 2022-11-03 | 3.00% | +75 bp | Official rate change |
| 2022-09-22 | 2.25% | +50 bp | Official rate change |
| 2022-08-04 | 1.75% | +50 bp | Official rate change |
| 2022-06-16 | 1.25% | +25 bp | Official rate change |
| 2022-05-05 | 1.00% | +25 bp | Official rate change |
| 2022-03-17 | 0.75% | +25 bp | Official rate change |
| 2022-02-03 | 0.50% | +25 bp | Official rate change |
| 2021-12-16 | 0.25% | +15 bp | Official rate change |
| 2020-03-19 | 0.10% | -15 bp | Pandemic low |
| 2020-03-11 | 0.25% | -50 bp | Official rate change |
| 2018-08-02 | 0.75% | +25 bp | Official rate change |
| 2017-11-02 | 0.50% | +25 bp | Official rate change |
| 2016-08-04 | 0.25% | -25 bp | Post-referendum easing |
| 2009-03-05 | 0.50% | -50 bp | Post-GFC low |
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