United Kingdom: BoE Interest Rate - Base Rate

Macro

2026-06-18

Description

The Bank of England's benchmark interest rate, known as the Bank Rate, is set and published by the Bank of England (BoE) through its Monetary Policy Committee (MPC). This rate is the interest rate at which the BoE lends to commercial banks overnight and has a significant impact on economic activity and inflation in the UK. When the economy is overheating or inflationary pressures are rising, the BoE typically raises the rate to curb demand. Conversely, the rate is lowered to stimulate the economy during slowdowns or when inflation is too low.

The BoE's Monetary Policy Committee meets eight times a year.

Published by
Bank of England (Choice)
Frequency
Monthly
Next Update
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AI Data Insight

The Bank of England announced that the benchmark interest rate for Q2 2026 is maintained at 3.75%, flat compared to the previous figure, continuing the holding stance seen since late last year. The latest May CPI inflation rate dropped to 2.8%, outperforming market expectations and leading the Monetary Policy Committee to vote 7 to 2 to keep interest rates unchanged. As geopolitical tensions in the Middle East ease slightly, the market expects upward pressure on interest rates to diminish in the short term, but potential risks of an inflation rebound still require vigilance in the medium term.

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AI Data Insight

The Bank of England announced that the benchmark interest rate for Q2 2026 is maintained at 3.75%, flat compared to the previous figure, continuing the holding stance seen since late last year. The latest May CPI inflation rate dropped to 2.8%, outperforming market expectations and leading the Monetary Policy Committee to vote 7 to 2 to keep interest rates unchanged. As geopolitical tensions in the Middle East ease slightly, the market expects upward pressure on interest rates to diminish in the short term, but potential risks of an inflation rebound still require vigilance in the medium term.

Dive in →

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Macro
Description

The Bank of England's benchmark interest rate, known as the Bank Rate, is set and published by the Bank of England (BoE) through its Monetary Policy Committee (MPC). This rate is the interest rate at which the BoE lends to commercial banks overnight and has a significant impact on economic activity and inflation in the UK. When the economy is overheating or inflationary pressures are rising, the BoE typically raises the rate to curb demand. Conversely, the rate is lowered to stimulate the economy during slowdowns or when inflation is too low.

The BoE's Monetary Policy Committee meets eight times a year.

Published by
Bank of England (Choice)
Frequency
Monthly
Next Update
Hashtags