Bank of England

Bank of England Bank Rate

View on United Kingdom desk

3.75%

−0.25 pp last change (Dec 17, 2025)

As of Sep 15, 2026 | Daily (policy rate; changes on MPC decision days)

Average
6.12%
Median
5.25%
Low
0.10% Mar 19, 2020
High
17.00% Nov 15, 1979
DateRate
Sep 15, 20263.75
Aug 28, 20263.75
Jul 31, 20263.75
Jun 30, 20263.75
May 29, 20263.75
Apr 30, 20263.75
Mar 31, 20263.75
Feb 27, 20263.75
Jan 30, 20263.75
Dec 31, 20253.75
Nov 28, 20254.00
Oct 31, 20254.00
Sep 30, 20254.00
Aug 29, 20254.00
Jul 31, 20254.25
Jun 30, 20254.25
May 30, 20254.25
Apr 30, 20254.50
Mar 31, 20254.50
Feb 28, 20254.50
Jan 31, 20254.75
Dec 31, 20244.75
Nov 29, 20244.75
Oct 31, 20245.00

About Bank Rate

Bank of England policy rate (IUDBEDR). Current: 3.75% on Sep 15, 2026. Daily series from 1975; chart is stepped at MPC decisions.

From Jan 2, 1975 to Sep 15, 2026 (13,070 observations): mean 6.12%, median 5.25%; low 0.10% (Mar 19, 2020), high 17.00% (Nov 15, 1979). Not a UK mortgage or savings rate.

Source: Bank of England Statistical Database, series IUDBEDR. Licence: Bank of England open data terms (attribution required) (terms). Files: data/raw/boe-bank-rate.csv.

Reading this series

Bank Rate is the Bank of England's policy interest rate, published in the Bank's statistical database as series IUDBEDR, with a daily history from 1975. The Monetary Policy Committee sets it and announces changes on decision dates; between decisions the rate is flat, which is why the chart is drawn as steps. Bank Rate is the rate the Bank pays on reserves held with it and is the anchor for sterling money-market rates, but it is not itself a mortgage or savings rate.

Read the headline value with its as-of date, then the "versus the previous reading" line: when Bank Rate has been unchanged for a stretch, the page shows the date of the last actual move instead. Mean, median, low and high are arithmetic summaries of the daily observations in this build, so a long hold at one level pulls them toward it. Chart and Table show the same data two ways; the range buttons only filter what is drawn, and Explore adds zoom and pan on request. For the rate that actually settles overnight sterling transactions, see the SONIA page instead.

About this desk

The Canada desk leads with the Bank of Canada's target for the overnight rate, then CORRA, the Canadian Overnight Repo Rate Average. US, UK and other official rates follow in the menu. The target is a policy setting the Bank changes at fixed announcement dates; CORRA is a market benchmark calculated from repo transactions and published, not set, by the Bank. Keeping both on one desk shows the policy rate and the market rate it steers.

All series are read from official files and republished without alteration. As on the US desk, Canadian dates are written month-first. The build covers two Canadian series only; it does not publish a Canadian mortgage or deposit rate because none is ingested. Every desk shows the same set in a different order, so the numbers are identical whichever desk you use. Nothing here is financial advice.