Central Bank RatesUnited Kingdom: central bank policy rate
Last updated:
Policy rate3.75%Oct 5, 2026
For information only. Figures are reproduced from the cited sources, may be delayed or contain errors, and are not advice of any kind. Always check the original source. This is not investment advice. Translations on this site are not official BIS translations.
SinceDec 18, 2025cut -25 bp
1 year ago4.00%
Last 2 years (daily values)
Policy rate since 2000 (month-end values)
All changes since 2000
| Date | From | To | Change |
|---|---|---|---|
| Dec 18, 2025 | 4.00% | 3.75% | cut -25 bp |
| Aug 7, 2025 | 4.25% | 4.00% | cut -25 bp |
| May 8, 2025 | 4.50% | 4.25% | cut -25 bp |
| Feb 6, 2025 | 4.75% | 4.50% | cut -25 bp |
| Nov 7, 2024 | 5.00% | 4.75% | cut -25 bp |
| Aug 1, 2024 | 5.25% | 5.00% | cut -25 bp |
| Aug 3, 2023 | 5.00% | 5.25% | hike +25 bp |
| Jun 22, 2023 | 4.50% | 5.00% | hike +50 bp |
| May 11, 2023 | 4.25% | 4.50% | hike +25 bp |
| Mar 23, 2023 | 4.00% | 4.25% | hike +25 bp |
| Feb 2, 2023 | 3.50% | 4.00% | hike +50 bp |
| Dec 15, 2022 | 3.00% | 3.50% | hike +50 bp |
| Nov 3, 2022 | 2.25% | 3.00% | hike +75 bp |
| Sep 22, 2022 | 1.75% | 2.25% | hike +50 bp |
| Aug 4, 2022 | 1.25% | 1.75% | hike +50 bp |
| Jun 16, 2022 | 1.00% | 1.25% | hike +25 bp |
| May 5, 2022 | 0.75% | 1.00% | hike +25 bp |
| Mar 17, 2022 | 0.50% | 0.75% | hike +25 bp |
| Feb 3, 2022 | 0.25% | 0.50% | hike +25 bp |
| Dec 16, 2021 | 0.10% | 0.25% | hike +15 bp |
| Mar 19, 2020 | 0.25% | 0.10% | cut -15 bp |
| Mar 11, 2020 | 0.75% | 0.25% | cut -50 bp |
| Aug 2, 2018 | 0.50% | 0.75% | hike +25 bp |
| Nov 2, 2017 | 0.25% | 0.50% | hike +25 bp |
| Aug 4, 2016 | 0.50% | 0.25% | cut -25 bp |
| Mar 5, 2009 | 1.00% | 0.50% | cut -50 bp |
| Feb 5, 2009 | 1.50% | 1.00% | cut -50 bp |
| Jan 8, 2009 | 2.00% | 1.50% | cut -50 bp |
| Dec 4, 2008 | 3.00% | 2.00% | cut -100 bp |
| Nov 6, 2008 | 4.50% | 3.00% | cut -150 bp |
| Oct 8, 2008 | 5.00% | 4.50% | cut -50 bp |
| Apr 10, 2008 | 5.25% | 5.00% | cut -25 bp |
| Feb 7, 2008 | 5.50% | 5.25% | cut -25 bp |
| Dec 6, 2007 | 5.75% | 5.50% | cut -25 bp |
| Jul 5, 2007 | 5.50% | 5.75% | hike +25 bp |
| May 10, 2007 | 5.25% | 5.50% | hike +25 bp |
| Jan 11, 2007 | 5.00% | 5.25% | hike +25 bp |
| Nov 9, 2006 | 4.75% | 5.00% | hike +25 bp |
| Aug 3, 2006 | 4.50% | 4.75% | hike +25 bp |
| Aug 4, 2005 | 4.75% | 4.50% | cut -25 bp |
| Aug 5, 2004 | 4.50% | 4.75% | hike +25 bp |
| Jun 10, 2004 | 4.25% | 4.50% | hike +25 bp |
| May 6, 2004 | 4.00% | 4.25% | hike +25 bp |
| Feb 5, 2004 | 3.75% | 4.00% | hike +25 bp |
| Nov 6, 2003 | 3.50% | 3.75% | hike +25 bp |
| Jul 10, 2003 | 3.75% | 3.50% | cut -25 bp |
| Feb 6, 2003 | 4.00% | 3.75% | cut -25 bp |
| Nov 8, 2001 | 4.50% | 4.00% | cut -50 bp |
| Oct 4, 2001 | 4.75% | 4.50% | cut -25 bp |
| Sep 18, 2001 | 5.00% | 4.75% | cut -25 bp |
| Aug 2, 2001 | 5.25% | 5.00% | cut -25 bp |
| May 10, 2001 | 5.50% | 5.25% | cut -25 bp |
| Apr 5, 2001 | 5.75% | 5.50% | cut -25 bp |
| Feb 8, 2001 | 6.00% | 5.75% | cut -25 bp |
| Feb 10, 2000 | 5.75% | 6.00% | hike +25 bp |
| Jan 13, 2000 | 5.50% | 5.75% | hike +25 bp |
Which rate is shown (BIS notes, in English)
From 3 Aug 2006 onwards: official bank rate; from 6 May 1997 to 2 Aug 2006: repo rate; from 20 Aug 1981 to 5 May 1997: minimum Bank of England Band 1 dealing rate; from 16 Oct 1972 to 19 Aug 1981: minimum lending rate; from 1 Jan 1946 to 15 Oct 1972: bank rate.
Changes by year
Method
We download the BIS daily policy-rate series (WS_CBPOL). A change is recorded on the first day the published value differs from the previous day's value. Series that ended (for example euro area members before joining the euro) are not listed. bp = basis points (0.01 percentage point).
About this page
The policy rate of United Kingdom is 3.75% (BIS data as of Oct 5, 2026).