BOEBR · rate
Bank of England Bank Rate
The Bank of England's official Bank Rate, set by the Monetary Policy Committee.
Policy rateSingle sourceStatus
Bank of England Bank Rate chart
Daily observations.13,091 observations, simplified for display.History from Jan 2, 1975.
Official decision series
How to use this rate
The chart is the official policy-rate decision series. It is not a retail lending offer or a market forecast. Bank Rate is the United Kingdom's headline monetary-policy rate.
Latest MarketsGrid observation: Oct 14, 2026.
United Kingdom market context
Key statistics
Previous close
3.75%
52-week range
3.75% – 4.00%
Year to date
0 bps
1-year change
−25 bps
All-time high
17.00%
All-time low
0.10%
5-year change
+365 bps
10-year change
+350 bps
1-year range width
+25 bps
Largest peak-to-trough move
−1690 bps
Historical percentile
31st
Best / worst year
1978 +550 bps / 1977 −725 bps
BoE Rate decision history
Last change: −25 bps to 3.75%, effective Dec 18, 2025. 258 changes on record; dates are when the new rate took effect, which can be a day or more after the announcement.
| Effective date | Decision | Change | New rate |
|---|---|---|---|
| Dec 18, 2025 | Cut | −25 bps | 4.00% → 3.75% |
| Aug 7, 2025 | Cut | −25 bps | 4.25% → 4.00% |
| May 8, 2025 | Cut | −25 bps | 4.50% → 4.25% |
| Feb 6, 2025 | Cut | −25 bps | 4.75% → 4.50% |
| Nov 7, 2024 | Cut | −25 bps | 5.00% → 4.75% |
| Aug 1, 2024 | Cut | −25 bps | 5.25% → 5.00% |
| Aug 3, 2023 | Hike | +25 bps | 5.00% → 5.25% |
| Jun 22, 2023 | Hike | +50 bps | 4.50% → 5.00% |
| May 11, 2023 | Hike | +25 bps | 4.25% → 4.50% |
| Mar 23, 2023 | Hike | +25 bps | 4.00% → 4.25% |
| Feb 2, 2023 | Hike | +50 bps | 3.50% → 4.00% |
| Dec 15, 2022 | Hike | +50 bps | 3.00% → 3.50% |
| Nov 3, 2022 | Hike | +75 bps | 2.25% → 3.00% |
| Sep 22, 2022 | Hike | +50 bps | 1.75% → 2.25% |
| Aug 4, 2022 | Hike | +50 bps | 1.25% → 1.75% |
| Jun 16, 2022 | Hike | +25 bps | 1.00% → 1.25% |
| May 5, 2022 | Hike | +25 bps | 0.75% → 1.00% |
| Mar 17, 2022 | Hike | +25 bps | 0.50% → 0.75% |
| Feb 3, 2022 | Hike | +25 bps | 0.25% → 0.50% |
| Dec 16, 2021 | Hike | +15 bps | 0.10% → 0.25% |
| Mar 19, 2020 | Cut | −15 bps | 0.25% → 0.10% |
| Mar 11, 2020 | Cut | −50 bps | 0.75% → 0.25% |
| Aug 2, 2018 | Hike | +25 bps | 0.50% → 0.75% |
| Nov 2, 2017 | Hike | +25 bps | 0.25% → 0.50% |
Next Monetary Policy Committee decision
Nov 5, 2026
In 21 days, announced at 12:00 noon UK time
Then: Dec 17, 2026 · Feb 4, 2027 · Mar 18, 2027 · Apr 29, 2027 · Jun 17, 2027
Scheduled dates from the Bank of England calendar; meetings can be rescheduled or added.
Performance
| Period | From | Start | Change |
|---|---|---|---|
| 1 day | Oct 14, 2026 | 3.75% | 0.00% |
| 1 week | Oct 7, 2026 | 3.75% | 0.00% |
| 1 month | Sep 14, 2026 | 3.75% | 0.00% |
| 3 months | Jul 14, 2026 | 3.75% | 0.00% |
| 6 months | Apr 14, 2026 | 3.75% | 0.00% |
| Year to date | Dec 31, 2025 | 3.75% | 0.00% |
| 1 year | Oct 14, 2025 | 4.00% | −0.25% |
| 3 years | Oct 13, 2023 | 5.25% | −1.50% |
| 5 years | Oct 14, 2021 | 0.10% | +3.65% |
| 10 years | Oct 14, 2016 | 0.25% | +3.50% |
| 20 years | Oct 13, 2006 | 4.75% | −1.00% |
| All history | Jan 2, 1975 | 11.50% | −7.75% |
Calendar years
| Year | Start | End | Change |
|---|---|---|---|
| 2026YTD | 3.75% | 3.75% | 0 bps |
| 2025 | 4.75% | 3.75% | −100 bps |
| 2024 | 5.25% | 4.75% | −50 bps |
| 2023 | 3.50% | 5.25% | +175 bps |
| 2022 | 0.25% | 3.50% | +325 bps |
| 2021 | 0.10% | 0.25% | +15 bps |
| 2020 | 0.75% | 0.10% | −65 bps |
| 2019 | 0.75% | 0.75% | 0 bps |
| 2018 | 0.50% | 0.75% | +25 bps |
| 2017 | 0.25% | 0.50% | +25 bps |
| 2016 | 0.50% | 0.25% | −25 bps |
| 2015 | 0.50% | 0.50% | 0 bps |
| 2014 | 0.50% | 0.50% | 0 bps |
| 2013 | 0.50% | 0.50% | 0 bps |
| 2012 | 0.50% | 0.50% | 0 bps |
Where this data comes from
| Source | Data type | Coverage |
|---|---|---|
| Bank of England – Bank Rate (IADB)officialBank of England official Bank Rate | Policy ratedaily | Jan 2, 1975 – Oct 14, 202613,090 observations |
Price history is stored as published for reproducibility. The current quote is refreshed every 15 seconds from the live feed and labelled with its sources and observation time.
Current quote
- Type: Policy rate
- Consensus: Single source from one source
- Primary source: Bank of England – Bank Rate (IADB)
- Observed: Oct 14, 2026
History
From Jan 2, 1975. 13,091 daily points.
Attribution
- Source: Bank of England
About this series
Policy rates change only on decision dates, so the series is a step function: the chart shows the rate in force each day, and the history table lists every change with its date and size.