Central Bank RatesUnited Kingdom policy rate in 2024 (2 changes)
Start of year5.25%
End of year4.75%Dec 31, 2024
Net change-50 bp0 hikes, 2 cuts
Average5.109%
Rank by level20 / 38
Changes in 2024
| Date | From | To | Change |
|---|---|---|---|
| Aug 1, 2024 | 5.25% | 5.00% | cut -25 bp |
| Nov 7, 2024 | 5.00% | 4.75% | cut -25 bp |
Compared with other areas at the end of 2024
47.5%
21%
12.25%
10%
9.5%
8.5%
7.75%
6.5%
6.5%
6.5%
6%
5.75%
5.75%
5.75%
5.55%
5%
5%
5%
4.75%
4.75%
4.5%
4.5%
4.375%
4.35%
4.25%
4%
4%
3.25%
3.1%
3%
3%
3%
2.75%
2.6%
2.5%
2.25%
0.5%
0.25%
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%
2024: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.