Market indicator

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 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 —