United Kingdom: BoE Interest Rate - Base Rate

Macro

2026-03-19
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

In the first quarter of 2026, the Bank of England maintained its benchmark interest rate at 3.75%, unchanged from the previous level, aligning with market expectations that shifted recently due to geopolitical risks. Affected by surging oil and gas prices caused by the Middle East conflict, UK short-term inflation may rebound to over 3%, forcing the central bank to pause its rate-cut cycle. Looking ahead, policymakers will closely monitor the second-round effects of energy prices on wages, and the market has even begun to stay alert to the extreme risk of rate hikes.

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AI Data Insight

In the first quarter of 2026, the Bank of England maintained its benchmark interest rate at 3.75%, unchanged from the previous level, aligning with market expectations that shifted recently due to geopolitical risks. Affected by surging oil and gas prices caused by the Middle East conflict, UK short-term inflation may rebound to over 3%, forcing the central bank to pause its rate-cut cycle. Looking ahead, policymakers will closely monitor the second-round effects of energy prices on wages, and the market has even begun to stay alert to the extreme risk of rate hikes.

Dive in →

You May Also Like

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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