Central Bank RatesUnited Kingdom policy rate in 2022 (8 changes)
Start of year0.25%
End of year3.50%Dec 30, 2022
Net change+325 bp8 hikes, 0 cuts
Average1.466%
Rank by level26 / 38
Changes in 2022
| Date | From | To | Change |
|---|---|---|---|
| Feb 3, 2022 | 0.25% | 0.50% | hike +25 bp |
| Mar 17, 2022 | 0.50% | 0.75% | hike +25 bp |
| May 5, 2022 | 0.75% | 1.00% | hike +25 bp |
| Jun 16, 2022 | 1.00% | 1.25% | hike +25 bp |
| Aug 4, 2022 | 1.25% | 1.75% | hike +50 bp |
| Sep 22, 2022 | 1.75% | 2.25% | hike +50 bp |
| Nov 3, 2022 | 2.25% | 3.00% | hike +75 bp |
| Dec 15, 2022 | 3.00% | 3.50% | hike +50 bp |
Compared with other areas at the end of 2022
13.75%
13%
12%
11.25%
10.5%
9%
7.5%
7.5%
7%
7%
6.75%
6.75%
6.25%
6%
5.5%
5.5%
5%
5%
4.75%
4.75%
4.375%
4.25%
4.25%
3.65%
3.5%
3.5%
3.25%
3.25%
3.1%
2.75%
2.75%
2.5%
2.5%
2.5%
1.75%
1.25%
1%
-0.1%
Year-end rate over time
3.75%
3.75%
4.75%
5.25%
3.5%
0.25%
0.1%
0.75%
0.75%
0.5%
0.25%
0.5%
0.5%
0.5%
0.5%
0.5%
0.5%
0.5%
2%
5.5%
5%
4.5%
4.75%
3.75%
4%
4%
6%
2022: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.