UK Bank Rate (BoE)

Latest: 3.75% as of 18-12-2025.

Series coverage: 1975 to 2025. Only actual movements are recorded, periods where there was no change are ignored.

Bank Rate
Bank Rate over time (hover over line for more detail)
Rate spike highlights Show
  • 1976 — Sterling crisis and an IMF bailout. Inflation running in the high teens/20s and a weak pound prompted aggressive monetary tightening to defend the currency.
  • 1977 — Continued anti‑inflation policy and currency support kept rates elevated while fiscal consolidation from the IMF programme worked through the economy.
  • 1988 — The "Lawson Boom": rapid credit growth, strong demand and a house‑price surge pushed inflation risks higher, leading to successive rate hikes.
  • 1994 — Post‑ERM recovery saw policy tighten modestly to head off inflation as growth firmed; globally, bond yields jumped during the 1994 "bond massacre," adding to upward pressures.
  • 2022 — Post‑pandemic inflation shock: energy prices, supply chain disruptions and the Russia‑Ukraine war drove CPI sharply higher, triggering the fastest BoE hiking cycle in decades.

Notes are brief context only; they summarise widely reported drivers behind each episode.

Highest recorded
17.00%
on 15-11-1979
Lowest recorded
0.10%
on 19-03-2020
Last change
-0.25%
on 18-12-2025

Since records began there have been 257 rate movements — 85 up and 172 down.

The longest upward streak was between 19-03-2020 and 03-08-2023 when it increased 14 times.

The longest downward streak was between 20-04-1982 and 02-11-1982 when it went down 24 times.

Effective date Rate (%) Movement
18-12-2025 3.75 Down
07-08-2025 4.00 Down
08-05-2025 4.25 Down
06-02-2025 4.50 Down
07-11-2024 4.75 Down
01-08-2024 5.00 Down
03-08-2023 5.25 Up
22-06-2023 5.00 Up
11-05-2023 4.50 Up
23-03-2023 4.25 Up
02-02-2023 4.00 Up
15-12-2022 3.50 Up
03-11-2022 3.00 Up
22-09-2022 2.25 Up
04-08-2022 1.75 Up
16-06-2022 1.25 Up
05-05-2022 1.00 Up
17-03-2022 0.75 Up
03-02-2022 0.50 Up
16-12-2021 0.25 Up
19-03-2020 0.10 Down
11-03-2020 0.25 Down
02-08-2018 0.75 Up
02-11-2017 0.50 Up
04-08-2016 0.25 Down
05-03-2009 0.50 Down
05-02-2009 1.00 Down
08-01-2009 1.50 Down
04-12-2008 2.00 Down
06-11-2008 3.00 Down
08-10-2008 4.50 Down
10-04-2008 5.00 Down
07-02-2008 5.25 Down
06-12-2007 5.50 Down
05-07-2007 5.75 Up
10-05-2007 5.50 Up
11-01-2007 5.25 Up
09-11-2006 5.00 Up
03-08-2006 4.75 Up
04-08-2005 4.50 Down
05-08-2004 4.75 Up
10-06-2004 4.50 Up
06-05-2004 4.25 Up
05-02-2004 4.00 Up
06-11-2003 3.75 Up
10-07-2003 3.50 Down
06-02-2003 3.75 Down
08-11-2001 4.00 Down
04-10-2001 4.50 Down
18-09-2001 4.75 Down
02-08-2001 5.00 Down
10-05-2001 5.25 Down
05-04-2001 5.50 Down
08-02-2001 5.75 Down
10-02-2000 6.00 Up
13-01-2000 5.75 Up
04-11-1999 5.50 Up
08-09-1999 5.25 Up
10-06-1999 5.00 Down
08-04-1999 5.25 Down
04-02-1999 5.50 Down
07-01-1999 6.00 Down
10-12-1998 6.25 Down
05-11-1998 6.75 Down
08-10-1998 7.25 Down
04-06-1998 7.50 Up
06-11-1997 7.25 Up
07-08-1997 7.00 Up
10-07-1997 6.75 Up
06-06-1997 6.50 Up
06-05-1997 6.25 Up
30-10-1996 5.94 Up
06-06-1996 5.69 Down
08-03-1996 5.94 Down
18-01-1996 6.13 Down
13-12-1995 6.38 Down
02-02-1995 6.63 Up
07-12-1994 6.13 Up
12-09-1994 5.63 Up
08-02-1994 5.13 Down
23-11-1993 5.38 Down
26-01-1993 5.88 Down
13-11-1992 6.88 Down
16-10-1992 7.88 Down
22-09-1992 8.88 Down
05-05-1992 9.88 Down
04-09-1991 10.38 Down
12-07-1991 10.88 Down
24-05-1991 11.38 Down
12-04-1991 11.88 Down
22-03-1991 12.38 Down
27-02-1991 12.88 Down
13-02-1991 13.38 Down
08-10-1990 13.88 Down
06-10-1989 14.88 Up
08-09-1989 13.75 Down
04-09-1989 13.88 Up
31-08-1989 13.84 Up
25-05-1989 13.75 Up
25-11-1988 12.88 Up
25-08-1988 11.88 Up
08-08-1988 10.88 Up
21-07-1988 10.38 Up
07-07-1988 9.88 Up
24-06-1988 8.88 Up
10-06-1988 8.38 Up
03-06-1988 7.88 Up
17-05-1988 7.38 Down
08-04-1988 7.88 Down
17-03-1988 8.38 Down
01-02-1988 8.88 Up
03-12-1987 8.38 Down
04-11-1987 8.88 Down
23-10-1987 9.38 Down
06-08-1987 9.88 Up
08-05-1987 8.88 Down
28-04-1987 9.38 Down
18-03-1987 9.88 Down
09-03-1987 10.38 Down
15-10-1986 10.88 Up
23-05-1986 9.88 Down
18-04-1986 10.38 Down
11-04-1986 10.88 Down
19-03-1986 11.38 Down
15-01-1986 12.38 Up
26-07-1985 11.38 Down
11-07-1985 11.88 Down
19-04-1985 12.38 Down
28-03-1985 12.88 Down
20-03-1985 13.38 Down
28-01-1985 13.88 Up
14-01-1985 11.88 Up
23-11-1984 9.50 Down
19-11-1984 9.75 Down
05-11-1984 10.00 Down
17-08-1984 10.50 Down
16-08-1984 10.75 Down
09-08-1984 11.00 Down
08-08-1984 11.50 Down
11-07-1984 12.00 Up
06-07-1984 10.00 Up
29-06-1984 8.88 Down
10-05-1984 9.06 Up
14-03-1984 8.56 Down
07-03-1984 8.81 Down
03-10-1983 9.06 Down
10-08-1983 9.56 Up
09-08-1983 9.44 Down
14-06-1983 9.56 Down
13-06-1983 9.81 Down
14-04-1983 10.06 Down
13-04-1983 10.31 Down
15-03-1983 10.56 Down
12-01-1983 11.00 Up
26-11-1982 10.00 Up
02-11-1982 9.13 Down
01-11-1982 9.38 Down
12-10-1982 9.63 Down
30-09-1982 10.13 Down
29-09-1982 10.25 Down
28-09-1982 10.38 Down
27-09-1982 10.50 Down
27-08-1982 10.63 Down
26-08-1982 10.88 Down
25-08-1982 11.00 Down
24-08-1982 11.13 Down
17-08-1982 11.25 Down
16-08-1982 11.38 Down
04-08-1982 11.50 Down
02-08-1982 11.56 Down
30-07-1982 11.63 Down
29-07-1982 11.75 Down
28-07-1982 11.81 Down
26-07-1982 11.94 Down
21-07-1982 12.06 Down
13-07-1982 12.13 Down
12-07-1982 12.25 Down
09-07-1982 12.50 Down
08-06-1982 12.63 Down
20-04-1982 13.13 Up
19-04-1982 13.00 Down
16-04-1982 13.13 Down
10-03-1982 13.25 Down
25-02-1982 13.63 Down
22-02-1982 13.81 Down
22-01-1982 13.88 Down
21-01-1982 14.00 Down
20-01-1982 14.13 Down
19-01-1982 14.25 Down
18-01-1982 14.31 Down
04-12-1981 14.38 Down
25-11-1981 14.56 Down
09-11-1981 14.63 Down
06-11-1981 15.06 Down
28-10-1981 15.13 Up
12-10-1981 15.00 Up
15-09-1981 14.00 Up
25-08-1981 12.69 Up
11-03-1981 12.00 Down
25-11-1980 14.00 Down
03-07-1980 16.00 Down
15-11-1979 17.00 Up
13-06-1979 14.00 Up
05-04-1979 12.00 Down
01-03-1979 13.00 Down
08-02-1979 14.00 Up
09-11-1978 12.50 Up
08-06-1978 10.00 Up
15-05-1978 9.00 Up
08-05-1978 8.75 Up
12-04-1978 7.50 Up
09-01-1978 6.50 Down
28-11-1977 7.00 Up
17-10-1977 5.00 Down
10-10-1977 5.50 Down
19-09-1977 6.00 Down
12-09-1977 6.50 Down
15-08-1977 7.00 Down
08-08-1977 7.50 Down
16-05-1977 8.00 Down
02-05-1977 8.25 Down
25-04-1977 8.75 Down
18-04-1977 9.00 Down
12-04-1977 9.25 Down
31-03-1977 9.50 Down
21-03-1977 10.50 Down
10-03-1977 11.00 Down
03-02-1977 12.00 Down
31-01-1977 12.25 Down
24-01-1977 13.25 Down
10-01-1977 14.00 Down
29-12-1976 14.25 Down
20-12-1976 14.50 Down
22-11-1976 14.75 Down
07-10-1976 15.00 Up
13-09-1976 13.00 Up
24-05-1976 11.50 Up
26-04-1976 10.50 Up
08-03-1976 9.00 Down
01-03-1976 9.25 Down
09-02-1976 9.50 Down
02-02-1976 10.00 Down
26-01-1976 10.50 Down
19-01-1976 10.75 Down
05-01-1976 11.00 Down
29-12-1975 11.25 Down
01-12-1975 11.50 Down
17-11-1975 11.75 Down
06-10-1975 12.00 Up
28-07-1975 11.00 Up
05-05-1975 10.00 Up
21-04-1975 9.75 Down
24-03-1975 10.00 Down
10-03-1975 10.25 Down
17-02-1975 10.50 Down
10-02-1975 10.75 Down
27-01-1975 11.00 Down
20-01-1975 11.25 —