Published 17 Sep 2026, 12:00
Next update 5 Nov 2026, 12:00 in 25 days Bank Rate Selected point 8 October 2026 · 3.75%, down 0.25 percentage points on a year earlier
0% 2% 4% 6% 8 October 2025 · 4.00% 18 December 2025 · 3.75%, down 1.00 percentage points on a year earlier 8 October 2026 · 3.75%, down 0.25 percentage points on a year earlier 3.75% 8 Oct 2025 8 Oct 2026 0% 2% 4% 6% 8 October 2025 · 4.00% 18 December 2025 · 3.75%, down 1.00 percentage points on a year earlier 8 October 2026 · 3.75%, down 0.25 percentage points on a year earlier 3.75% 8 Oct 2025 8 Apr 2026 8 Oct 2026 −5% 0% 5% 10% 8 October 2021 · 0.10% 16 December 2021 · 0.25%, up 0.15 percentage points on a year earlier 3 February 2022 · 0.50%, up 0.40 percentage points on a year earlier 17 March 2022 · 0.75%, up 0.65 percentage points on a year earlier 5 May 2022 · 1.00%, up 0.90 percentage points on a year earlier 16 June 2022 · 1.25%, up 1.15 percentage points on a year earlier 4 August 2022 · 1.75%, up 1.65 percentage points on a year earlier 22 September 2022 · 2.25%, up 2.15 percentage points on a year earlier 3 November 2022 · 3.00%, up 2.90 percentage points on a year earlier 15 December 2022 · 3.50%, up 3.40 percentage points on a year earlier 2 February 2023 · 4.00%, up 3.75 percentage points on a year earlier 23 March 2023 · 4.25%, up 3.50 percentage points on a year earlier 11 May 2023 · 4.50%, up 3.50 percentage points on a year earlier 22 June 2023 · 5.00%, up 3.75 percentage points on a year earlier 3 August 2023 · 5.25%, up 4.00 percentage points on a year earlier 1 August 2024 · 5.00%, same as a year earlier 7 November 2024 · 4.75%, down 0.50 percentage points on a year earlier 6 February 2025 · 4.50%, down 0.75 percentage points on a year earlier 8 May 2025 · 4.25%, down 1.00 percentage points on a year earlier 7 August 2025 · 4.00%, down 1.00 percentage points on a year earlier 18 December 2025 · 3.75%, down 1.00 percentage points on a year earlier 8 October 2026 · 3.75%, down 0.25 percentage points on a year earlier First rise after Covid 3.75% 2021 2026 −5% 0% 5% 10% 8 October 2021 · 0.10% 16 December 2021 · 0.25%, up 0.15 percentage points on a year earlier 3 February 2022 · 0.50%, up 0.40 percentage points on a year earlier 17 March 2022 · 0.75%, up 0.65 percentage points on a year earlier 5 May 2022 · 1.00%, up 0.90 percentage points on a year earlier 16 June 2022 · 1.25%, up 1.15 percentage points on a year earlier 4 August 2022 · 1.75%, up 1.65 percentage points on a year earlier 22 September 2022 · 2.25%, up 2.15 percentage points on a year earlier 3 November 2022 · 3.00%, up 2.90 percentage points on a year earlier 15 December 2022 · 3.50%, up 3.40 percentage points on a year earlier 2 February 2023 · 4.00%, up 3.75 percentage points on a year earlier 23 March 2023 · 4.25%, up 3.50 percentage points on a year earlier 11 May 2023 · 4.50%, up 3.50 percentage points on a year earlier 22 June 2023 · 5.00%, up 3.75 percentage points on a year earlier 3 August 2023 · 5.25%, up 4.00 percentage points on a year earlier 1 August 2024 · 5.00%, same as a year earlier 7 November 2024 · 4.75%, down 0.50 percentage points on a year earlier 6 February 2025 · 4.50%, down 0.75 percentage points on a year earlier 8 May 2025 · 4.25%, down 1.00 percentage points on a year earlier 7 August 2025 · 4.00%, down 1.00 percentage points on a year earlier 18 December 2025 · 3.75%, down 1.00 percentage points on a year earlier 8 October 2026 · 3.75%, down 0.25 percentage points on a year earlier First rise after Covid 3.75% 2021 2024 2026 0% 2% 4% 6% 8 October 2016 · 0.25% 2 November 2017 · 0.50%, up 0.25 percentage points on a year earlier 2 August 2018 · 0.75%, up 0.50 percentage points on a year earlier 11 March 2020 · 0.25%, down 0.50 percentage points on a year earlier 19 March 2020 · 0.10%, down 0.65 percentage points on a year earlier 16 December 2021 · 0.25%, up 0.15 percentage points on a year earlier 3 February 2022 · 0.50%, up 0.40 percentage points on a year earlier 17 March 2022 · 0.75%, up 0.65 percentage points on a year earlier 5 May 2022 · 1.00%, up 0.90 percentage points on a year earlier 16 June 2022 · 1.25%, up 1.15 percentage points on a year earlier 4 August 2022 · 1.75%, up 1.65 percentage points on a year earlier 22 September 2022 · 2.25%, up 2.15 percentage points on a year earlier 3 November 2022 · 3.00%, up 2.90 percentage points on a year earlier 15 December 2022 · 3.50%, up 3.40 percentage points on a year earlier 2 February 2023 · 4.00%, up 3.75 percentage points on a year earlier 23 March 2023 · 4.25%, up 3.50 percentage points on a year earlier 11 May 2023 · 4.50%, up 3.50 percentage points on a year earlier 22 June 2023 · 5.00%, up 3.75 percentage points on a year earlier 3 August 2023 · 5.25%, up 4.00 percentage points on a year earlier 1 August 2024 · 5.00%, same as a year earlier 7 November 2024 · 4.75%, down 0.50 percentage points on a year earlier 6 February 2025 · 4.50%, down 0.75 percentage points on a year earlier 8 May 2025 · 4.25%, down 1.00 percentage points on a year earlier 7 August 2025 · 4.00%, down 1.00 percentage points on a year earlier 18 December 2025 · 3.75%, down 1.00 percentage points on a year earlier 8 October 2026 · 3.75%, down 0.25 percentage points on a year earlier 1 2 3.75% 2016 2026 0% 2% 4% 6% 8 October 2016 · 0.25% 2 November 2017 · 0.50%, up 0.25 percentage points on a year earlier 2 August 2018 · 0.75%, up 0.50 percentage points on a year earlier 11 March 2020 · 0.25%, down 0.50 percentage points on a year earlier 19 March 2020 · 0.10%, down 0.65 percentage points on a year earlier 16 December 2021 · 0.25%, up 0.15 percentage points on a year earlier 3 February 2022 · 0.50%, up 0.40 percentage points on a year earlier 17 March 2022 · 0.75%, up 0.65 percentage points on a year earlier 5 May 2022 · 1.00%, up 0.90 percentage points on a year earlier 16 June 2022 · 1.25%, up 1.15 percentage points on a year earlier 4 August 2022 · 1.75%, up 1.65 percentage points on a year earlier 22 September 2022 · 2.25%, up 2.15 percentage points on a year earlier 3 November 2022 · 3.00%, up 2.90 percentage points on a year earlier 15 December 2022 · 3.50%, up 3.40 percentage points on a year earlier 2 February 2023 · 4.00%, up 3.75 percentage points on a year earlier 23 March 2023 · 4.25%, up 3.50 percentage points on a year earlier 11 May 2023 · 4.50%, up 3.50 percentage points on a year earlier 22 June 2023 · 5.00%, up 3.75 percentage points on a year earlier 3 August 2023 · 5.25%, up 4.00 percentage points on a year earlier 1 August 2024 · 5.00%, same as a year earlier 7 November 2024 · 4.75%, down 0.50 percentage points on a year earlier 6 February 2025 · 4.50%, down 0.75 percentage points on a year earlier 8 May 2025 · 4.25%, down 1.00 percentage points on a year earlier 7 August 2025 · 4.00%, down 1.00 percentage points on a year earlier 18 December 2025 · 3.75%, down 1.00 percentage points on a year earlier 8 October 2026 · 3.75%, down 0.25 percentage points on a year earlier Covid emergency cut First rise after Covid 3.75% 2016 2021 2026 Covid emergency cut First rise after Covid 0% 10% 20% 2 January 1975 · 11.50% 20 January 1975 · 11.25% 27 January 1975 · 11.00% 10 February 1975 · 10.75% 17 February 1975 · 10.50% 10 March 1975 · 10.25% 24 March 1975 · 10.00% 21 April 1975 · 9.75% 5 May 1975 · 10.00% 28 July 1975 · 11.00% 6 October 1975 · 12.00% 17 November 1975 · 11.75% 1 December 1975 · 11.50% 29 December 1975 · 11.25% 5 January 1976 · 11.00%, down 0.50 percentage points on a year earlier 19 January 1976 · 10.75%, down 0.75 percentage points on a year earlier 26 January 1976 · 10.50%, down 0.75 percentage points on a year earlier 2 February 1976 · 10.00%, down 1.00 percentage points on a year earlier 9 February 1976 · 9.50%, down 1.50 percentage points on a year earlier 1 March 1976 · 9.25%, down 1.25 percentage points on a year earlier 8 March 1976 · 9.00%, down 1.50 percentage points on a year earlier 26 April 1976 · 10.50%, up 0.75 percentage points on a year earlier 24 May 1976 · 11.50%, up 1.50 percentage points on a year earlier 13 September 1976 · 13.00%, up 2.00 percentage points on a year earlier 7 October 1976 · 15.00%, up 3.00 percentage points on a year earlier 22 November 1976 · 14.75%, up 3.00 percentage points on a year earlier 20 December 1976 · 14.50%, up 3.00 percentage points on a year earlier 29 December 1976 · 14.25%, up 3.00 percentage points on a year earlier 10 January 1977 · 14.00%, up 3.00 percentage points on a year earlier 24 January 1977 · 13.25%, up 2.50 percentage points on a year earlier 31 January 1977 · 12.25%, up 1.75 percentage points on a year earlier 3 February 1977 · 12.00%, up 2.00 percentage points on a year earlier 10 March 1977 · 11.00%, up 2.00 percentage points on a year earlier 21 March 1977 · 10.50%, up 1.50 percentage points on a year earlier 31 March 1977 · 9.50%, up 0.50 percentage points on a year earlier 12 April 1977 · 9.25%, up 0.25 percentage points on a year earlier 18 April 1977 · 9.00%, same as a year earlier 25 April 1977 · 8.75%, down 0.25 percentage points on a year earlier 2 May 1977 · 8.25%, down 2.25 percentage points on a year earlier 16 May 1977 · 8.00%, down 2.50 percentage points on a year earlier 8 August 1977 · 7.50%, down 4.00 percentage points on a year earlier 15 August 1977 · 7.00%, down 4.50 percentage points on a year earlier 12 September 1977 · 6.50%, down 5.00 percentage points on a year earlier 19 September 1977 · 6.00%, down 7.00 percentage points on a year earlier 10 October 1977 · 5.50%, down 9.50 percentage points on a year earlier 17 October 1977 · 5.00%, down 10.00 percentage points on a year earlier 28 November 1977 · 7.00%, down 7.75 percentage points on a year earlier 9 January 1978 · 6.50%, down 7.75 percentage points on a year earlier 12 April 1978 · 7.50%, down 1.75 percentage points on a year earlier 8 May 1978 · 8.75%, up 0.50 percentage points on a year earlier 15 May 1978 · 9.00%, up 0.75 percentage points on a year earlier 8 June 1978 · 10.00%, up 2.00 percentage points on a year earlier 9 November 1978 · 12.50%, up 7.50 percentage points on a year earlier 8 February 1979 · 14.00%, up 7.50 percentage points on a year earlier 1 March 1979 · 13.00%, up 6.50 percentage points on a year earlier 5 April 1979 · 12.00%, up 5.50 percentage points on a year earlier 13 June 1979 · 14.00%, up 4.00 percentage points on a year earlier 15 November 1979 · 17.00%, up 4.50 percentage points on a year earlier 3 July 1980 · 16.00%, up 2.00 percentage points on a year earlier 25 November 1980 · 14.00%, down 3.00 percentage points on a year earlier 11 March 1981 · 12.00%, down 5.00 percentage points on a year earlier 25 August 1981 · 12.69%, down 3.31 percentage points on a year earlier 15 September 1981 · 14.00%, down 2.00 percentage points on a year earlier 12 October 1981 · 15.00%, down 1.00 percentage points on a year earlier 28 October 1981 · 15.13%, down 0.87 percentage points on a year earlier 6 November 1981 · 15.06%, down 0.94 percentage points on a year earlier 9 November 1981 · 14.63%, down 1.37 percentage points on a year earlier 25 November 1981 · 14.56%, up 0.56 percentage points on a year earlier 4 December 1981 · 14.38%, up 0.38 percentage points on a year earlier 18 January 1982 · 14.31%, up 0.31 percentage points on a year earlier 19 January 1982 · 14.25%, up 0.25 percentage points on a year earlier 20 January 1982 · 14.13%, up 0.13 percentage points on a year earlier 21 January 1982 · 14.00%, same as a year earlier 22 January 1982 · 13.88%, down 0.12 percentage points on a year earlier 22 February 1982 · 13.81%, down 0.19 percentage points on a year earlier 25 February 1982 · 13.63%, down 0.37 percentage points on a year earlier 10 March 1982 · 13.25%, down 0.75 percentage points on a year earlier 16 April 1982 · 13.13%, up 1.13 percentage points on a year earlier 19 April 1982 · 13.00%, up 1.00 percentage points on a year earlier 20 April 1982 · 13.13%, up 1.13 percentage points on a year earlier 8 June 1982 · 12.63%, up 0.63 percentage points on a year earlier 9 July 1982 · 12.50%, up 0.50 percentage points on a year earlier 12 July 1982 · 12.25%, up 0.25 percentage points on a year earlier 13 July 1982 · 12.13%, up 0.13 percentage points on a year earlier 21 July 1982 · 12.06%, up 0.06 percentage points on a year earlier 26 July 1982 · 11.94%, down 0.06 percentage points on a year earlier 28 July 1982 · 11.81%, down 0.19 percentage points on a year earlier 29 July 1982 · 11.75%, down 0.25 percentage points on a year earlier 30 July 1982 · 11.63%, down 0.37 percentage points on a year earlier 2 August 1982 · 11.56%, down 0.44 percentage points on a year earlier 4 August 1982 · 11.50%, down 0.50 percentage points on a year earlier 16 August 1982 · 11.38%, down 0.62 percentage points on a year earlier 17 August 1982 · 11.25%, down 0.75 percentage points on a year earlier 24 August 1982 · 11.13%, down 0.87 percentage points on a year earlier 25 August 1982 · 11.00%, down 1.69 percentage points on a year earlier 26 August 1982 · 10.88%, down 1.81 percentage points on a year earlier 27 August 1982 · 10.63%, down 2.06 percentage points on a year earlier 27 September 1982 · 10.50%, down 3.50 percentage points on a year earlier 28 September 1982 · 10.38%, down 3.62 percentage points on a year earlier 29 September 1982 · 10.25%, down 3.75 percentage points on a year earlier 30 September 1982 · 10.13%, down 3.87 percentage points on a year earlier 12 October 1982 · 9.63%, down 5.37 percentage points on a year earlier 1 November 1982 · 9.38%, down 5.75 percentage points on a year earlier 2 November 1982 · 9.13%, down 6.00 percentage points on a year earlier 26 November 1982 · 10.00%, down 4.56 percentage points on a year earlier 12 January 1983 · 11.00%, down 3.38 percentage points on a year earlier 15 March 1983 · 10.56%, down 2.69 percentage points on a year earlier 13 April 1983 · 10.31%, down 2.94 percentage points on a year earlier 14 April 1983 · 10.06%, down 3.19 percentage points on a year earlier 13 June 1983 · 9.81%, down 2.82 percentage points on a year earlier 14 June 1983 · 9.56%, down 3.07 percentage points on a year earlier 9 August 1983 · 9.44%, down 2.06 percentage points on a year earlier 10 August 1983 · 9.56%, down 1.94 percentage points on a year earlier 3 October 1983 · 9.06%, down 1.07 percentage points on a year earlier 7 March 1984 · 8.81%, down 2.19 percentage points on a year earlier 14 March 1984 · 8.56%, down 2.44 percentage points on a year earlier 10 May 1984 · 9.06%, down 1.00 percentage points on a year earlier 29 June 1984 · 8.88%, down 0.68 percentage points on a year earlier 6 July 1984 · 10.00%, up 0.44 percentage points on a year earlier 11 July 1984 · 12.00%, up 2.44 percentage points on a year earlier 8 August 1984 · 11.50%, up 1.94 percentage points on a year earlier 9 August 1984 · 11.00%, up 1.56 percentage points on a year earlier 16 August 1984 · 10.75%, up 1.19 percentage points on a year earlier 17 August 1984 · 10.50%, up 0.94 percentage points on a year earlier 5 November 1984 · 10.00%, up 0.94 percentage points on a year earlier 19 November 1984 · 9.75%, up 0.69 percentage points on a year earlier 23 November 1984 · 9.50%, up 0.44 percentage points on a year earlier 14 January 1985 · 11.88%, up 2.82 percentage points on a year earlier 28 January 1985 · 13.88%, up 4.82 percentage points on a year earlier 20 March 1985 · 13.38%, up 4.82 percentage points on a year earlier 28 March 1985 · 12.88%, up 4.32 percentage points on a year earlier 19 April 1985 · 12.38%, up 3.82 percentage points on a year earlier 11 July 1985 · 11.88%, down 0.12 percentage points on a year earlier 26 July 1985 · 11.38%, down 0.62 percentage points on a year earlier 15 January 1986 · 12.38%, up 0.50 percentage points on a year earlier 19 March 1986 · 11.38%, down 2.50 percentage points on a year earlier 11 April 1986 · 10.88%, down 2.00 percentage points on a year earlier 18 April 1986 · 10.38%, down 2.50 percentage points on a year earlier 23 May 1986 · 9.88%, down 2.50 percentage points on a year earlier 15 October 1986 · 10.88%, down 0.50 percentage points on a year earlier 9 March 1987 · 10.38%, down 2.00 percentage points on a year earlier 18 March 1987 · 9.88%, down 2.50 percentage points on a year earlier 28 April 1987 · 9.38%, down 1.00 percentage points on a year earlier 8 May 1987 · 8.88%, down 1.50 percentage points on a year earlier 6 August 1987 · 9.88%, same as a year earlier 23 October 1987 · 9.38%, down 1.50 percentage points on a year earlier 4 November 1987 · 8.88%, down 2.00 percentage points on a year earlier 3 December 1987 · 8.38%, down 2.50 percentage points on a year earlier 1 February 1988 · 8.88%, down 2.00 percentage points on a year earlier 17 March 1988 · 8.38%, down 2.00 percentage points on a year earlier 8 April 1988 · 7.88%, down 2.00 percentage points on a year earlier 17 May 1988 · 7.38%, down 1.50 percentage points on a year earlier 3 June 1988 · 7.88%, down 1.00 percentage points on a year earlier 10 June 1988 · 8.38%, down 0.50 percentage points on a year earlier 24 June 1988 · 8.88%, same as a year earlier 7 July 1988 · 9.88%, up 1.00 percentage points on a year earlier 21 July 1988 · 10.38%, up 1.50 percentage points on a year earlier 8 August 1988 · 10.88%, up 1.00 percentage points on a year earlier 25 August 1988 · 11.88%, up 2.00 percentage points on a year earlier 25 November 1988 · 12.88%, up 4.00 percentage points on a year earlier 25 May 1989 · 13.75%, up 6.37 percentage points on a year earlier 31 August 1989 · 13.84%, up 1.96 percentage points on a year earlier 4 September 1989 · 13.88%, up 2.00 percentage points on a year earlier 8 September 1989 · 13.75%, up 1.87 percentage points on a year earlier 6 October 1989 · 14.88%, up 3.00 percentage points on a year earlier 8 October 1990 · 13.88%, down 1.00 percentage points on a year earlier 13 February 1991 · 13.38%, down 1.50 percentage points on a year earlier 27 February 1991 · 12.88%, down 2.00 percentage points on a year earlier 22 March 1991 · 12.38%, down 2.50 percentage points on a year earlier 12 April 1991 · 11.88%, down 3.00 percentage points on a year earlier 24 May 1991 · 11.38%, down 3.50 percentage points on a year earlier 12 July 1991 · 10.88%, down 4.00 percentage points on a year earlier 4 September 1991 · 10.38%, down 4.50 percentage points on a year earlier 5 May 1992 · 9.88%, down 2.00 percentage points on a year earlier 22 September 1992 · 8.88%, down 1.50 percentage points on a year earlier 16 October 1992 · 7.88%, down 2.50 percentage points on a year earlier 13 November 1992 · 6.88%, down 3.50 percentage points on a year earlier 26 January 1993 · 5.88%, down 4.50 percentage points on a year earlier 23 November 1993 · 5.38%, down 1.50 percentage points on a year earlier 8 February 1994 · 5.13%, down 0.75 percentage points on a year earlier 12 September 1994 · 5.63%, down 0.25 percentage points on a year earlier 7 December 1994 · 6.13%, up 0.75 percentage points on a year earlier 2 February 1995 · 6.63%, up 1.25 percentage points on a year earlier 13 December 1995 · 6.38%, up 0.25 percentage points on a year earlier 18 January 1996 · 6.13%, same as a year earlier 8 March 1996 · 5.94%, down 0.69 percentage points on a year earlier 6 June 1996 · 5.69%, down 0.94 percentage points on a year earlier 30 October 1996 · 5.94%, down 0.69 percentage points on a year earlier 6 May 1997 · 6.25%, up 0.31 percentage points on a year earlier 6 June 1997 · 6.50%, up 0.81 percentage points on a year earlier 10 July 1997 · 6.75%, up 1.06 percentage points on a year earlier 7 August 1997 · 7.00%, up 1.31 percentage points on a year earlier 6 November 1997 · 7.25%, up 1.31 percentage points on a year earlier 4 June 1998 · 7.50%, up 1.25 percentage points on a year earlier 8 October 1998 · 7.25%, up 0.25 percentage points on a year earlier 5 November 1998 · 6.75%, down 0.25 percentage points on a year earlier 10 December 1998 · 6.25%, down 1.00 percentage points on a year earlier 7 January 1999 · 6.00%, down 1.25 percentage points on a year earlier 4 February 1999 · 5.50%, down 1.75 percentage points on a year earlier 8 April 1999 · 5.25%, down 2.00 percentage points on a year earlier 10 June 1999 · 5.00%, down 2.50 percentage points on a year earlier 8 September 1999 · 5.25%, down 2.25 percentage points on a year earlier 4 November 1999 · 5.50%, down 1.75 percentage points on a year earlier 13 January 2000 · 5.75%, down 0.25 percentage points on a year earlier 10 February 2000 · 6.00%, up 0.50 percentage points on a year earlier 8 February 2001 · 5.75%, same as a year earlier 5 April 2001 · 5.50%, down 0.50 percentage points on a year earlier 10 May 2001 · 5.25%, down 0.75 percentage points on a year earlier 2 August 2001 · 5.00%, down 1.00 percentage points on a year earlier 18 September 2001 · 4.75%, down 1.25 percentage points on a year earlier 4 October 2001 · 4.50%, down 1.50 percentage points on a year earlier 8 November 2001 · 4.00%, down 2.00 percentage points on a year earlier 6 February 2003 · 3.75%, down 0.25 percentage points on a year earlier 10 July 2003 · 3.50%, down 0.50 percentage points on a year earlier 6 November 2003 · 3.75%, down 0.25 percentage points on a year earlier 5 February 2004 · 4.00%, same as a year earlier 6 May 2004 · 4.25%, up 0.50 percentage points on a year earlier 10 June 2004 · 4.50%, up 0.75 percentage points on a year earlier 5 August 2004 · 4.75%, up 1.25 percentage points on a year earlier 4 August 2005 · 4.50%, same as a year earlier 3 August 2006 · 4.75%, same as a year earlier 9 November 2006 · 5.00%, up 0.50 percentage points on a year earlier 11 January 2007 · 5.25%, up 0.75 percentage points on a year earlier 10 May 2007 · 5.50%, up 1.00 percentage points on a year earlier 5 July 2007 · 5.75%, up 1.25 percentage points on a year earlier 6 December 2007 · 5.50%, up 0.50 percentage points on a year earlier 7 February 2008 · 5.25%, same as a year earlier 10 April 2008 · 5.00%, down 0.25 percentage points on a year earlier 8 October 2008 · 4.50%, down 1.25 percentage points on a year earlier 6 November 2008 · 3.00%, down 2.75 percentage points on a year earlier 4 December 2008 · 2.00%, down 3.75 percentage points on a year earlier 8 January 2009 · 1.50%, down 4.00 percentage points on a year earlier 5 February 2009 · 1.00%, down 4.50 percentage points on a year earlier 5 March 2009 · 0.50%, down 4.75 percentage points on a year earlier 4 August 2016 · 0.25%, down 0.25 percentage points on a year earlier 2 November 2017 · 0.50%, up 0.25 percentage points on a year earlier 2 August 2018 · 0.75%, up 0.50 percentage points on a year earlier 11 March 2020 · 0.25%, down 0.50 percentage points on a year earlier 19 March 2020 · 0.10%, down 0.65 percentage points on a year earlier 16 December 2021 · 0.25%, up 0.15 percentage points on a year earlier 3 February 2022 · 0.50%, up 0.40 percentage points on a year earlier 17 March 2022 · 0.75%, up 0.65 percentage points on a year earlier 5 May 2022 · 1.00%, up 0.90 percentage points on a year earlier 16 June 2022 · 1.25%, up 1.15 percentage points on a year earlier 4 August 2022 · 1.75%, up 1.65 percentage points on a year earlier 22 September 2022 · 2.25%, up 2.15 percentage points on a year earlier 3 November 2022 · 3.00%, up 2.90 percentage points on a year earlier 15 December 2022 · 3.50%, up 3.40 percentage points on a year earlier 2 February 2023 · 4.00%, up 3.75 percentage points on a year earlier 23 March 2023 · 4.25%, up 3.50 percentage points on a year earlier 11 May 2023 · 4.50%, up 3.50 percentage points on a year earlier 22 June 2023 · 5.00%, up 3.75 percentage points on a year earlier 3 August 2023 · 5.25%, up 4.00 percentage points on a year earlier 1 August 2024 · 5.00%, same as a year earlier 7 November 2024 · 4.75%, down 0.50 percentage points on a year earlier 6 February 2025 · 4.50%, down 0.75 percentage points on a year earlier 8 May 2025 · 4.25%, down 1.00 percentage points on a year earlier 7 August 2025 · 4.00%, down 1.00 percentage points on a year earlier 18 December 2025 · 3.75%, down 1.00 percentage points on a year earlier 8 October 2026 · 3.75%, down 0.25 percentage points on a year earlier Covid emergency cut 1 3.75% 1975 2026 0% 10% 20% 2 January 1975 · 11.50% 20 January 1975 · 11.25% 27 January 1975 · 11.00% 10 February 1975 · 10.75% 17 February 1975 · 10.50% 10 March 1975 · 10.25% 24 March 1975 · 10.00% 21 April 1975 · 9.75% 5 May 1975 · 10.00% 28 July 1975 · 11.00% 6 October 1975 · 12.00% 17 November 1975 · 11.75% 1 December 1975 · 11.50% 29 December 1975 · 11.25% 5 January 1976 · 11.00%, down 0.50 percentage points on a year earlier 19 January 1976 · 10.75%, down 0.75 percentage points on a year earlier 26 January 1976 · 10.50%, down 0.75 percentage points on a year earlier 2 February 1976 · 10.00%, down 1.00 percentage points on a year earlier 9 February 1976 · 9.50%, down 1.50 percentage points on a year earlier 1 March 1976 · 9.25%, down 1.25 percentage points on a year earlier 8 March 1976 · 9.00%, down 1.50 percentage points on a year earlier 26 April 1976 · 10.50%, up 0.75 percentage points on a year earlier 24 May 1976 · 11.50%, up 1.50 percentage points on a year earlier 13 September 1976 · 13.00%, up 2.00 percentage points on a year earlier 7 October 1976 · 15.00%, up 3.00 percentage points on a year earlier 22 November 1976 · 14.75%, up 3.00 percentage points on a year earlier 20 December 1976 · 14.50%, up 3.00 percentage points on a year earlier 29 December 1976 · 14.25%, up 3.00 percentage points on a year earlier 10 January 1977 · 14.00%, up 3.00 percentage points on a year earlier 24 January 1977 · 13.25%, up 2.50 percentage points on a year earlier 31 January 1977 · 12.25%, up 1.75 percentage points on a year earlier 3 February 1977 · 12.00%, up 2.00 percentage points on a year earlier 10 March 1977 · 11.00%, up 2.00 percentage points on a year earlier 21 March 1977 · 10.50%, up 1.50 percentage points on a year earlier 31 March 1977 · 9.50%, up 0.50 percentage points on a year earlier 12 April 1977 · 9.25%, up 0.25 percentage points on a year earlier 18 April 1977 · 9.00%, same as a year earlier 25 April 1977 · 8.75%, down 0.25 percentage points on a year earlier 2 May 1977 · 8.25%, down 2.25 percentage points on a year earlier 16 May 1977 · 8.00%, down 2.50 percentage points on a year earlier 8 August 1977 · 7.50%, down 4.00 percentage points on a year earlier 15 August 1977 · 7.00%, down 4.50 percentage points on a year earlier 12 September 1977 · 6.50%, down 5.00 percentage points on a year earlier 19 September 1977 · 6.00%, down 7.00 percentage points on a year earlier 10 October 1977 · 5.50%, down 9.50 percentage points on a year earlier 17 October 1977 · 5.00%, down 10.00 percentage points on a year earlier 28 November 1977 · 7.00%, down 7.75 percentage points on a year earlier 9 January 1978 · 6.50%, down 7.75 percentage points on a year earlier 12 April 1978 · 7.50%, down 1.75 percentage points on a year earlier 8 May 1978 · 8.75%, up 0.50 percentage points on a year earlier 15 May 1978 · 9.00%, up 0.75 percentage points on a year earlier 8 June 1978 · 10.00%, up 2.00 percentage points on a year earlier 9 November 1978 · 12.50%, up 7.50 percentage points on a year earlier 8 February 1979 · 14.00%, up 7.50 percentage points on a year earlier 1 March 1979 · 13.00%, up 6.50 percentage points on a year earlier 5 April 1979 · 12.00%, up 5.50 percentage points on a year earlier 13 June 1979 · 14.00%, up 4.00 percentage points on a year earlier 15 November 1979 · 17.00%, up 4.50 percentage points on a year earlier 3 July 1980 · 16.00%, up 2.00 percentage points on a year earlier 25 November 1980 · 14.00%, down 3.00 percentage points on a year earlier 11 March 1981 · 12.00%, down 5.00 percentage points on a year earlier 25 August 1981 · 12.69%, down 3.31 percentage points on a year earlier 15 September 1981 · 14.00%, down 2.00 percentage points on a year earlier 12 October 1981 · 15.00%, down 1.00 percentage points on a year earlier 28 October 1981 · 15.13%, down 0.87 percentage points on a year earlier 6 November 1981 · 15.06%, down 0.94 percentage points on a year earlier 9 November 1981 · 14.63%, down 1.37 percentage points on a year earlier 25 November 1981 · 14.56%, up 0.56 percentage points on a year earlier 4 December 1981 · 14.38%, up 0.38 percentage points on a year earlier 18 January 1982 · 14.31%, up 0.31 percentage points on a year earlier 19 January 1982 · 14.25%, up 0.25 percentage points on a year earlier 20 January 1982 · 14.13%, up 0.13 percentage points on a year earlier 21 January 1982 · 14.00%, same as a year earlier 22 January 1982 · 13.88%, down 0.12 percentage points on a year earlier 22 February 1982 · 13.81%, down 0.19 percentage points on a year earlier 25 February 1982 · 13.63%, down 0.37 percentage points on a year earlier 10 March 1982 · 13.25%, down 0.75 percentage points on a year earlier 16 April 1982 · 13.13%, up 1.13 percentage points on a year earlier 19 April 1982 · 13.00%, up 1.00 percentage points on a year earlier 20 April 1982 · 13.13%, up 1.13 percentage points on a year earlier 8 June 1982 · 12.63%, up 0.63 percentage points on a year earlier 9 July 1982 · 12.50%, up 0.50 percentage points on a year earlier 12 July 1982 · 12.25%, up 0.25 percentage points on a year earlier 13 July 1982 · 12.13%, up 0.13 percentage points on a year earlier 21 July 1982 · 12.06%, up 0.06 percentage points on a year earlier 26 July 1982 · 11.94%, down 0.06 percentage points on a year earlier 28 July 1982 · 11.81%, down 0.19 percentage points on a year earlier 29 July 1982 · 11.75%, down 0.25 percentage points on a year earlier 30 July 1982 · 11.63%, down 0.37 percentage points on a year earlier 2 August 1982 · 11.56%, down 0.44 percentage points on a year earlier 4 August 1982 · 11.50%, down 0.50 percentage points on a year earlier 16 August 1982 · 11.38%, down 0.62 percentage points on a year earlier 17 August 1982 · 11.25%, down 0.75 percentage points on a year earlier 24 August 1982 · 11.13%, down 0.87 percentage points on a year earlier 25 August 1982 · 11.00%, down 1.69 percentage points on a year earlier 26 August 1982 · 10.88%, down 1.81 percentage points on a year earlier 27 August 1982 · 10.63%, down 2.06 percentage points on a year earlier 27 September 1982 · 10.50%, down 3.50 percentage points on a year earlier 28 September 1982 · 10.38%, down 3.62 percentage points on a year earlier 29 September 1982 · 10.25%, down 3.75 percentage points on a year earlier 30 September 1982 · 10.13%, down 3.87 percentage points on a year earlier 12 October 1982 · 9.63%, down 5.37 percentage points on a year earlier 1 November 1982 · 9.38%, down 5.75 percentage points on a year earlier 2 November 1982 · 9.13%, down 6.00 percentage points on a year earlier 26 November 1982 · 10.00%, down 4.56 percentage points on a year earlier 12 January 1983 · 11.00%, down 3.38 percentage points on a year earlier 15 March 1983 · 10.56%, down 2.69 percentage points on a year earlier 13 April 1983 · 10.31%, down 2.94 percentage points on a year earlier 14 April 1983 · 10.06%, down 3.19 percentage points on a year earlier 13 June 1983 · 9.81%, down 2.82 percentage points on a year earlier 14 June 1983 · 9.56%, down 3.07 percentage points on a year earlier 9 August 1983 · 9.44%, down 2.06 percentage points on a year earlier 10 August 1983 · 9.56%, down 1.94 percentage points on a year earlier 3 October 1983 · 9.06%, down 1.07 percentage points on a year earlier 7 March 1984 · 8.81%, down 2.19 percentage points on a year earlier 14 March 1984 · 8.56%, down 2.44 percentage points on a year earlier 10 May 1984 · 9.06%, down 1.00 percentage points on a year earlier 29 June 1984 · 8.88%, down 0.68 percentage points on a year earlier 6 July 1984 · 10.00%, up 0.44 percentage points on a year earlier 11 July 1984 · 12.00%, up 2.44 percentage points on a year earlier 8 August 1984 · 11.50%, up 1.94 percentage points on a year earlier 9 August 1984 · 11.00%, up 1.56 percentage points on a year earlier 16 August 1984 · 10.75%, up 1.19 percentage points on a year earlier 17 August 1984 · 10.50%, up 0.94 percentage points on a year earlier 5 November 1984 · 10.00%, up 0.94 percentage points on a year earlier 19 November 1984 · 9.75%, up 0.69 percentage points on a year earlier 23 November 1984 · 9.50%, up 0.44 percentage points on a year earlier 14 January 1985 · 11.88%, up 2.82 percentage points on a year earlier 28 January 1985 · 13.88%, up 4.82 percentage points on a year earlier 20 March 1985 · 13.38%, up 4.82 percentage points on a year earlier 28 March 1985 · 12.88%, up 4.32 percentage points on a year earlier 19 April 1985 · 12.38%, up 3.82 percentage points on a year earlier 11 July 1985 · 11.88%, down 0.12 percentage points on a year earlier 26 July 1985 · 11.38%, down 0.62 percentage points on a year earlier 15 January 1986 · 12.38%, up 0.50 percentage points on a year earlier 19 March 1986 · 11.38%, down 2.50 percentage points on a year earlier 11 April 1986 · 10.88%, down 2.00 percentage points on a year earlier 18 April 1986 · 10.38%, down 2.50 percentage points on a year earlier 23 May 1986 · 9.88%, down 2.50 percentage points on a year earlier 15 October 1986 · 10.88%, down 0.50 percentage points on a year earlier 9 March 1987 · 10.38%, down 2.00 percentage points on a year earlier 18 March 1987 · 9.88%, down 2.50 percentage points on a year earlier 28 April 1987 · 9.38%, down 1.00 percentage points on a year earlier 8 May 1987 · 8.88%, down 1.50 percentage points on a year earlier 6 August 1987 · 9.88%, same as a year earlier 23 October 1987 · 9.38%, down 1.50 percentage points on a year earlier 4 November 1987 · 8.88%, down 2.00 percentage points on a year earlier 3 December 1987 · 8.38%, down 2.50 percentage points on a year earlier 1 February 1988 · 8.88%, down 2.00 percentage points on a year earlier 17 March 1988 · 8.38%, down 2.00 percentage points on a year earlier 8 April 1988 · 7.88%, down 2.00 percentage points on a year earlier 17 May 1988 · 7.38%, down 1.50 percentage points on a year earlier 3 June 1988 · 7.88%, down 1.00 percentage points on a year earlier 10 June 1988 · 8.38%, down 0.50 percentage points on a year earlier 24 June 1988 · 8.88%, same as a year earlier 7 July 1988 · 9.88%, up 1.00 percentage points on a year earlier 21 July 1988 · 10.38%, up 1.50 percentage points on a year earlier 8 August 1988 · 10.88%, up 1.00 percentage points on a year earlier 25 August 1988 · 11.88%, up 2.00 percentage points on a year earlier 25 November 1988 · 12.88%, up 4.00 percentage points on a year earlier 25 May 1989 · 13.75%, up 6.37 percentage points on a year earlier 31 August 1989 · 13.84%, up 1.96 percentage points on a year earlier 4 September 1989 · 13.88%, up 2.00 percentage points on a year earlier 8 September 1989 · 13.75%, up 1.87 percentage points on a year earlier 6 October 1989 · 14.88%, up 3.00 percentage points on a year earlier 8 October 1990 · 13.88%, down 1.00 percentage points on a year earlier 13 February 1991 · 13.38%, down 1.50 percentage points on a year earlier 27 February 1991 · 12.88%, down 2.00 percentage points on a year earlier 22 March 1991 · 12.38%, down 2.50 percentage points on a year earlier 12 April 1991 · 11.88%, down 3.00 percentage points on a year earlier 24 May 1991 · 11.38%, down 3.50 percentage points on a year earlier 12 July 1991 · 10.88%, down 4.00 percentage points on a year earlier 4 September 1991 · 10.38%, down 4.50 percentage points on a year earlier 5 May 1992 · 9.88%, down 2.00 percentage points on a year earlier 22 September 1992 · 8.88%, down 1.50 percentage points on a year earlier 16 October 1992 · 7.88%, down 2.50 percentage points on a year earlier 13 November 1992 · 6.88%, down 3.50 percentage points on a year earlier 26 January 1993 · 5.88%, down 4.50 percentage points on a year earlier 23 November 1993 · 5.38%, down 1.50 percentage points on a year earlier 8 February 1994 · 5.13%, down 0.75 percentage points on a year earlier 12 September 1994 · 5.63%, down 0.25 percentage points on a year earlier 7 December 1994 · 6.13%, up 0.75 percentage points on a year earlier 2 February 1995 · 6.63%, up 1.25 percentage points on a year earlier 13 December 1995 · 6.38%, up 0.25 percentage points on a year earlier 18 January 1996 · 6.13%, same as a year earlier 8 March 1996 · 5.94%, down 0.69 percentage points on a year earlier 6 June 1996 · 5.69%, down 0.94 percentage points on a year earlier 30 October 1996 · 5.94%, down 0.69 percentage points on a year earlier 6 May 1997 · 6.25%, up 0.31 percentage points on a year earlier 6 June 1997 · 6.50%, up 0.81 percentage points on a year earlier 10 July 1997 · 6.75%, up 1.06 percentage points on a year earlier 7 August 1997 · 7.00%, up 1.31 percentage points on a year earlier 6 November 1997 · 7.25%, up 1.31 percentage points on a year earlier 4 June 1998 · 7.50%, up 1.25 percentage points on a year earlier 8 October 1998 · 7.25%, up 0.25 percentage points on a year earlier 5 November 1998 · 6.75%, down 0.25 percentage points on a year earlier 10 December 1998 · 6.25%, down 1.00 percentage points on a year earlier 7 January 1999 · 6.00%, down 1.25 percentage points on a year earlier 4 February 1999 · 5.50%, down 1.75 percentage points on a year earlier 8 April 1999 · 5.25%, down 2.00 percentage points on a year earlier 10 June 1999 · 5.00%, down 2.50 percentage points on a year earlier 8 September 1999 · 5.25%, down 2.25 percentage points on a year earlier 4 November 1999 · 5.50%, down 1.75 percentage points on a year earlier 13 January 2000 · 5.75%, down 0.25 percentage points on a year earlier 10 February 2000 · 6.00%, up 0.50 percentage points on a year earlier 8 February 2001 · 5.75%, same as a year earlier 5 April 2001 · 5.50%, down 0.50 percentage points on a year earlier 10 May 2001 · 5.25%, down 0.75 percentage points on a year earlier 2 August 2001 · 5.00%, down 1.00 percentage points on a year earlier 18 September 2001 · 4.75%, down 1.25 percentage points on a year earlier 4 October 2001 · 4.50%, down 1.50 percentage points on a year earlier 8 November 2001 · 4.00%, down 2.00 percentage points on a year earlier 6 February 2003 · 3.75%, down 0.25 percentage points on a year earlier 10 July 2003 · 3.50%, down 0.50 percentage points on a year earlier 6 November 2003 · 3.75%, down 0.25 percentage points on a year earlier 5 February 2004 · 4.00%, same as a year earlier 6 May 2004 · 4.25%, up 0.50 percentage points on a year earlier 10 June 2004 · 4.50%, up 0.75 percentage points on a year earlier 5 August 2004 · 4.75%, up 1.25 percentage points on a year earlier 4 August 2005 · 4.50%, same as a year earlier 3 August 2006 · 4.75%, same as a year earlier 9 November 2006 · 5.00%, up 0.50 percentage points on a year earlier 11 January 2007 · 5.25%, up 0.75 percentage points on a year earlier 10 May 2007 · 5.50%, up 1.00 percentage points on a year earlier 5 July 2007 · 5.75%, up 1.25 percentage points on a year earlier 6 December 2007 · 5.50%, up 0.50 percentage points on a year earlier 7 February 2008 · 5.25%, same as a year earlier 10 April 2008 · 5.00%, down 0.25 percentage points on a year earlier 8 October 2008 · 4.50%, down 1.25 percentage points on a year earlier 6 November 2008 · 3.00%, down 2.75 percentage points on a year earlier 4 December 2008 · 2.00%, down 3.75 percentage points on a year earlier 8 January 2009 · 1.50%, down 4.00 percentage points on a year earlier 5 February 2009 · 1.00%, down 4.50 percentage points on a year earlier 5 March 2009 · 0.50%, down 4.75 percentage points on a year earlier 4 August 2016 · 0.25%, down 0.25 percentage points on a year earlier 2 November 2017 · 0.50%, up 0.25 percentage points on a year earlier 2 August 2018 · 0.75%, up 0.50 percentage points on a year earlier 11 March 2020 · 0.25%, down 0.50 percentage points on a year earlier 19 March 2020 · 0.10%, down 0.65 percentage points on a year earlier 16 December 2021 · 0.25%, up 0.15 percentage points on a year earlier 3 February 2022 · 0.50%, up 0.40 percentage points on a year earlier 17 March 2022 · 0.75%, up 0.65 percentage points on a year earlier 5 May 2022 · 1.00%, up 0.90 percentage points on a year earlier 16 June 2022 · 1.25%, up 1.15 percentage points on a year earlier 4 August 2022 · 1.75%, up 1.65 percentage points on a year earlier 22 September 2022 · 2.25%, up 2.15 percentage points on a year earlier 3 November 2022 · 3.00%, up 2.90 percentage points on a year earlier 15 December 2022 · 3.50%, up 3.40 percentage points on a year earlier 2 February 2023 · 4.00%, up 3.75 percentage points on a year earlier 23 March 2023 · 4.25%, up 3.50 percentage points on a year earlier 11 May 2023 · 4.50%, up 3.50 percentage points on a year earlier 22 June 2023 · 5.00%, up 3.75 percentage points on a year earlier 3 August 2023 · 5.25%, up 4.00 percentage points on a year earlier 1 August 2024 · 5.00%, same as a year earlier 7 November 2024 · 4.75%, down 0.50 percentage points on a year earlier 6 February 2025 · 4.50%, down 0.75 percentage points on a year earlier 8 May 2025 · 4.25%, down 1.00 percentage points on a year earlier 7 August 2025 · 4.00%, down 1.00 percentage points on a year earlier 18 December 2025 · 3.75%, down 1.00 percentage points on a year earlier 8 October 2026 · 3.75%, down 0.25 percentage points on a year earlier Covid emergency cut 1 3.75% 1975 2000 2026 First rise after Covid First rise after Covid
0% 2% 4% 6% 2015 · 0.50% 2016 · 0.40% 2017 · 0.29% 2018 · 0.60% 2019 · 0.75% 2020 · 0.23% 2021 · 0.11% 2022 · 1.47% 2023 · 4.68% 2024 · 5.11% 2025 · 4.25% 2026 so far · 1 January to 8 October · 3.75% 2015 2018 2021 2026 0% 2% 4% 6% 2015 · 0.50% 2016 · 0.40% 2017 · 0.29% 2018 · 0.60% 2019 · 0.75% 2020 · 0.23% 2021 · 0.11% 2022 · 1.47% 2023 · 4.68% 2024 · 5.11% 2025 · 4.25% 2026 so far · 1 January to 8 October · 3.75% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
0% 2% 4% 6% 31 January 2023 · 3.50% 28 February 2023 · 4.00% 31 March 2023 · 4.25% 30 April 2023 · 4.25% 31 May 2023 · 4.50% 30 June 2023 · 5.00% 31 July 2023 · 5.00% 31 August 2023 · 5.25% 30 September 2023 · 5.25% 31 October 2023 · 5.25% 30 November 2023 · 5.25% 31 December 2023 · 5.25% 31 January 2024 · 5.25% 29 February 2024 · 5.25% 31 March 2024 · 5.25% 30 April 2024 · 5.25% 31 May 2024 · 5.25% 30 June 2024 · 5.25% 31 July 2024 · 5.25% 31 August 2024 · 5.00% 30 September 2024 · 5.00% 31 October 2024 · 5.00% 30 November 2024 · 4.75% 31 December 2024 · 4.75% 31 January 2025 · 4.75% 28 February 2025 · 4.50% 31 March 2025 · 4.50% 30 April 2025 · 4.50% 31 May 2025 · 4.25% 30 June 2025 · 4.25% 31 July 2025 · 4.25% 31 August 2025 · 4.00% 30 September 2025 · 4.00% 31 October 2025 · 4.00% 30 November 2025 · 4.00% 31 December 2025 · 3.75% 31 January 2026 · 3.75% 28 February 2026 · 3.75% 31 March 2026 · 3.75% 30 April 2026 · 3.75% 31 May 2026 · 3.75% 30 June 2026 · 3.75% 31 July 2026 · 3.75% 31 August 2026 · 3.75% 30 September 2026 · 3.75% 8 October 2026 · 3.75% 2023 2024 2026 2025 Jan Apr Jul Dec 0% 2% 4% 6% 31 January 2023 · 3.50% 28 February 2023 · 4.00% 31 March 2023 · 4.25% 30 April 2023 · 4.25% 31 May 2023 · 4.50% 30 June 2023 · 5.00% 31 July 2023 · 5.00% 31 August 2023 · 5.25% 30 September 2023 · 5.25% 31 October 2023 · 5.25% 30 November 2023 · 5.25% 31 December 2023 · 5.25% 31 January 2024 · 5.25% 29 February 2024 · 5.25% 31 March 2024 · 5.25% 30 April 2024 · 5.25% 31 May 2024 · 5.25% 30 June 2024 · 5.25% 31 July 2024 · 5.25% 31 August 2024 · 5.00% 30 September 2024 · 5.00% 31 October 2024 · 5.00% 30 November 2024 · 4.75% 31 December 2024 · 4.75% 31 January 2025 · 4.75% 28 February 2025 · 4.50% 31 March 2025 · 4.50% 30 April 2025 · 4.50% 31 May 2025 · 4.25% 30 June 2025 · 4.25% 31 July 2025 · 4.25% 31 August 2025 · 4.00% 30 September 2025 · 4.00% 31 October 2025 · 4.00% 30 November 2025 · 4.00% 31 December 2025 · 3.75% 31 January 2026 · 3.75% 28 February 2026 · 3.75% 31 March 2026 · 3.75% 30 April 2026 · 3.75% 31 May 2026 · 3.75% 30 June 2026 · 3.75% 31 July 2026 · 3.75% 31 August 2026 · 3.75% 30 September 2026 · 3.75% 8 October 2026 · 3.75% 2023 2024 2026 2025 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Each year is the average of the rate in force, weighted by the days it applied. 2026 so far covers 1 January to 8 October.
Each month is that month's figure, not a total so far. 2026 so far covers 1 January to 8 October.
Source: Bank of England 17 Sep 2026, 12:00
What this means for people A higher rate usually makes loans dearer and savings pay more. A lower rate does the opposite.
Bank Rate is the interest rate the Bank of England pays on reserves that commercial banks hold overnight. Those banks use it as a guide when they set mortgage, loan and savings rates.
The Monetary Policy Committee sets it to try to keep inflation, measured by CPI, close to the government target of 2%. A change takes time to reach household bills, because many mortgages stay on a fixed rate until the deal ends.
Latest figures See the figures as a table The latest 12 readings, newest first. Period Value 18 December 2025 3.75% 7 August 2025 4.00% 8 May 2025 4.25% 6 February 2025 4.50% 7 November 2024 4.75% 1 August 2024 5.00% 3 August 2023 5.25% 22 June 2023 5.00% 11 May 2023 4.50% 23 March 2023 4.25% 2 February 2023 4.00% 15 December 2022 3.50%
Each year is the average of the rate in force, weighted by the days it applied. Year Period covered Value 2026 so far 1 January to 8 October 3.75% 2025 January to December 4.25% 2024 January to December 5.11% 2023 January to December 4.68% 2022 January to December 1.47% 2021 January to December 0.11% 2020 January to December 0.23% 2019 January to December 0.75% 2018 January to December 0.60% 2017 January to December 0.29% 2016 January to December 0.40% 2015 January to December 0.50%
Each month Each month is that month's figure, not a total so far. Period 2023 2024 2025 2026 so far January 3.50% 5.25% 4.75% 3.75% February 4.00% 5.25% 4.50% 3.75% March 4.25% 5.25% 4.50% 3.75% April 4.25% 5.25% 4.50% 3.75% May 4.50% 5.25% 4.25% 3.75% June 5.00% 5.25% 4.25% 3.75% July 5.00% 5.25% 4.25% 3.75% August 5.25% 5.00% 4.00% 3.75% September 5.25% 5.00% 4.00% 3.75% October 5.25% 5.00% 4.00% 3.75% November 5.25% 4.75% 4.00% December 5.25% 4.75% 3.75%
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How to read this Not the rate you pay Banks set their own rates for mortgages, loans and savings. These often move with Bank Rate, but not always by the same amount.
Changes only on decision days The rate stays the same between decisions, so the chart moves in steps rather than a smooth line.
Changes take time to work It can take around 18 to 24 months for a change in Bank Rate to have its full effect on spending and prices.
Good for some, costly for others A higher rate helps savers and costs borrowers.
Source
Publisher Bank of England
Official title Official Bank Rate
Series IUDBEDR
Geography United Kingdom
Status Official statistics Cite this Bank of England (2026) Official Bank Rate, since 18 December 2025 (series IUDBEDR ).