UK Interest Rate History / Graph

Quick UK Interest Rate Stats
Current UK Interest Rate 0.50%
Last movement 75 months / 6.3 years ago
Highest on record 15.00% on 1st Oct, 1989
Show all dates
15.00% on 1st Nov, 1989
15.00% on 1st Dec, 1989
15.00% on 1st Jan, 1990
15.00% on 1st Feb, 1990
15.00% on 1st Mar, 1990
15.00% on 1st Apr, 1990
15.00% on 1st May, 1990
15.00% on 1st Jun, 1990
15.00% on 1st Jul, 1990
15.00% on 1st Aug, 1990
15.00% on 1st Sep, 1990
Lowest on record 0.50% on 1st Apr, 2009
Show all dates
0.50% on 1st May, 2009
0.50% on 1st Jun, 2009
0.50% on 1st Jul, 2009
0.50% on 1st Aug, 2009
0.50% on 1st Sep, 2009
0.50% on 1st Oct, 2009
0.50% on 1st Nov, 2009
0.50% on 1st Dec, 2009
0.50% on 1st Jan, 2010
0.50% on 1st Feb, 2010
0.50% on 1st Mar, 2010
0.50% on 1st Apr, 2010
0.50% on 1st May, 2010
0.50% on 1st Jun, 2010
0.50% on 1st Jul, 2010
0.50% on 1st Aug, 2010
0.50% on 1st Sep, 2010
0.50% on 1st Nov, 2010
0.50% on 1st Dec, 2010
0.50% on 1st Jan, 2011
0.50% on 1st Feb, 2011
0.50% on 1st Mar, 2011
0.50% on 1st Apr, 2011
0.50% on 1st May, 2011
0.50% on 1st Jun, 2011
0.50% on 1st Jul, 2011
0.50% on 1st Aug, 2011
0.50% on 1st Sep, 2011
0.50% on 1st Oct, 2011
0.50% on 1st Nov, 2011
0.50% on 1st Dec, 2011
0.50% on 1st Jan, 2012
0.50% on 1st Feb, 2012
0.50% on 1st Mar, 2012
0.50% on 1st Apr, 2012
0.50% on 1st May, 2012
0.50% on 1st Jun, 2012
0.50% on 1st Jul, 2012
0.50% on 1st Aug, 2012
0.50% on 1st Sep, 2012
0.50% on 1st Oct, 2012
0.50% on 1st Nov, 2012
0.50% on 1st Dec, 2012
0.50% on 1st Jan, 2013
0.50% on 1st Feb, 2013
0.50% on 1st Mar, 2013
0.50% on 1st Apr, 2013
0.50% on 1st May, 2013
0.50% on 1st Jun, 2013
0.50% on 1st Jul, 2013
0.50% on 1st Aug, 2013
0.50% on 1st Sep, 2013
0.50% on 1st Oct, 2013
0.50% on 1st Nov, 2013
0.50% on 1st Dec, 2013
0.50% on 1st Jan, 2014
0.50% on 1st Feb, 2014
0.50% on 1st Mar, 2014
0.50% on 1st Apr, 2014
0.50% on 1st May, 2014
0.50% on 1st Jun, 2014
0.50% on 1st Jul, 2014
0.50% on 1st Aug, 2014
0.50% on 1st Sep, 2014
0.50% on 1st Oct, 2014
0.50% on 1st Nov, 2014
0.50% on 1st Dec, 2014
0.50% on 1st Jan, 2015
0.50% on 1st Feb, 2015
0.50% on 1st Mar, 2015
0.50% on 1st Apr, 2015
0.50% on 1st May, 2015
0.50% on 1st Jun, 2015
0.50% on 1st Jul, 2015

The UK base rate is the interest rate at which commercial banks, like Barcleys and Natwest, borrow from the Bank of England.

In theory, lower the interest rate, the cheaper loans become for borrowers, because generally, lenders will base their rates according to the base rate. Similarly, the base rate will generally determine the interest rate at which banks will set their savings account products.

Essentially, low interest rates are generally good for borrowers, but bad for savers.

The rate at which the UK Base Rate is set is decided by the Monetary Policy Committee of the Bank of England. They meet every month to decide the new rate after taking into consideration various economic factors.

Here’s a graph showing the change in the Bank of England base rate since January 1985.

Month Base Rate Change
Jan 85 14.00% 0.00
Feb 85 14.00% 0.00
Mar 85 13.50% 0.50
Apr 85 12.75% 0.75
May 85 12.50% 0.25
Jun 85 12.50% 0.00
Jul 85 11.50% 1.00
Aug 85 11.50% 0.00
Sep 85 11.50% 0.00
Oct 85 11.50% 0.00
Nov 85 11.50% 0.00
Dec 85 11.50% 0.00
Jan 86 11.50% 0.00
Feb 86 11.50% 0.00
Mar 86 11.50% 0.00
Apr 86 10.50% 1.00
May 86 10.00% 0.50
Jun 86 10.00% 0.00
Jul 86 10.00% 0.00
Aug 86 10.00% 0.00
Sep 86 10.00% 0.00
Oct 86 11.00% 1.00
Nov 86 11.00% 0.00
Dec 86 11.00% 0.00
Jan 87 11.00% 0.00
Feb 87 11.00% 0.00
Mar 87 10.00% 1.00
Apr 87 9.50% 0.50
May 87 9.00% 0.50
Jun 87 9.00% 0.00
Jul 87 9.00% 0.00
Aug 87 10.00% 1.00
Sep 87 10.00% 0.00
Oct 87 9.50% 0.50
Nov 87 9.00% 0.50
Dec 87 8.50% 0.50
Jan 88 8.50% 0.00
Feb 88 9.00% 0.50
Mar 88 8.50% 0.50
Apr 88 8.00% 0.50
May 88 7.50% 0.50
Jun 88 9.50% 2.00
Jul 88 10.50% 1.00
Aug 88 12.00% 1.50
Sep 88 12.00% 0.00
Oct 88 12.00% 0.00
Nov 88 13.00% 1.00
Dec 88 13.00% 0.00
Jan 89 13.00% 0.00
Feb 89 13.00% 0.00
Mar 89 13.00% 0.00
Apr 89 13.00% 0.00
May 89 14.00% 1.00
Jun 89 14.00% 0.00
Jul 89 14.00% 0.00
Aug 89 14.00% 0.00
Sep 89 14.00% 0.00
Oct 89 15.00% 1.00
Nov 89 15.00% 0.00
Dec 89 15.00% 0.00
Jan 90 15.00% 0.00
Feb 90 15.00% 0.00
Mar 90 15.00% 0.00
Apr 90 15.00% 0.00
May 90 15.00% 0.00
Jun 90 15.00% 0.00
Jul 90 15.00% 0.00
Aug 90 15.00% 0.00
Sep 90 15.00% 0.00
Oct 90 14.00% 1.00
Nov 90 14.00% 0.00
Dec 90 14.00% 0.00
Jan 91 14.00% 0.00
Feb 91 13.00% 1.00
Mar 91 12.50% 0.50
Apr 91 12.00% 0.50
May 91 11.50% 0.50
Jun 91 11.50% 0.00
Jul 91 11.00% 0.50
Aug 91 11.00% 0.00
Sep 91 10.50% 0.50
Oct 91 10.50% 0.00
Nov 91 10.50% 0.00
Dec 91 10.50% 0.00
Jan 92 10.50% 0.00
Feb 92 10.50% 0.00
Mar 92 10.50% 0.00
Apr 92 10.50% 0.00
May 92 10.00% 0.50
Jun 92 10.00% 0.00
Jul 92 10.00% 0.00
Aug 92 10.00% 0.00
Sep 92 9.00% 1.00
Oct 92 8.00% 1.00
Nov 92 7.00% 1.00
Dec 92 7.00% 0.00
Jan 93 6.00% 1.00
Feb 93 6.00% 0.00
Mar 93 6.00% 0.00
Apr 93 6.00% 0.00
May 93 6.00% 0.00
Jun 93 6.00% 0.00
Jul 93 6.00% 0.00
Aug 93 6.00% 0.00
Sep 93 6.00% 0.00
Oct 93 6.00% 0.00
Nov 93 5.50% 0.50
Dec 93 5.50% 0.00
Jan 94 5.50% 0.00
Feb 94 5.25% 0.25
Mar 94 5.25% 0.00
Apr 94 5.25% 0.00
May 94 5.25% 0.00
Jun 94 5.25% 0.00
Jul 94 5.25% 0.00
Aug 94 5.25% 0.00
Sep 94 5.75% 0.50
Oct 94 5.75% 0.00
Nov 94 5.75% 0.00
Dec 94 6.25% 0.50
Jan 95 6.25% 0.00
Feb 95 6.75% 0.50
Mar 95 6.75% 0.00
Apr 95 6.75% 0.00
May 95 6.75% 0.00
Jun 95 6.75% 0.00
Jul 95 6.75% 0.00
Aug 95 6.75% 0.00
Sep 95 6.75% 0.00
Oct 95 6.75% 0.00
Nov 95 6.75% 0.00
Dec 95 6.50% 0.25
Jan 96 6.25% 0.25
Feb 96 6.25% 0.00
Mar 96 6.00% 0.25
Apr 96 6.00% 0.00
May 96 6.00% 0.00
Jun 96 5.75% 0.25
Jul 96 5.75% 0.00
Aug 96 5.75% 0.00
Sep 96 5.75% 0.00
Oct 96 6.00% 0.25
Nov 96 6.00% 0.00
Dec 96 6.00% 0.00
Jan 97 6.00% 0.00
Feb 97 6.00% 0.00
Mar 97 6.00% 0.00
Apr 97 6.00% 0.00
May 97 6.25% 0.25
Jun 97 6.50% 0.25
Jul 97 6.75% 0.25
Aug 97 7.00% 0.25
Sep 97 7.00% 0.00
Oct 97 7.00% 0.00
Nov 97 7.25% 0.25
Dec 97 7.25% 0.00
Jan 98 7.25% 0.00
Feb 98 7.25% 0.00
Mar 98 7.25% 0.00
Apr 98 7.25% 0.00
May 98 7.25% 0.00
Jun 98 7.50% 0.25
Jul 98 7.50% 0.00
Aug 98 7.50% 0.00
Sep 98 7.50% 0.00
Oct 98 7.25% 0.25
Nov 98 6.75% 0.50
Dec 98 6.25% 0.50
Jan 99 6.00% 0.25
Feb 99 5.50% 0.50
Mar 99 5.25% 0.25
Apr 99 5.25% 0.00
May 99 5.25% 0.00
Jun 99 5.00% 0.25
Jul 99 5.00% 0.00
Aug 99 5.00% 0.00
Sep 99 5.25% 0.25
Oct 99 5.25% 0.00
Nov 99 5.50% 0.25
Dec 99 5.50% 0.00
Jan 00 5.75% 0.25
Feb 00 6.00% 0.25
Mar 00 6.00% 0.00
Apr 00 6.00% 0.00
May 00 6.00% 0.00
Jun 00 6.00% 0.00
Jul 00 6.00% 0.00
Aug 00 6.00% 0.00
Sep 00 6.00% 0.00
Oct 00 6.00% 0.00
Nov 00 6.00% 0.00
Dec 00 6.00% 0.00
Jan 01 6.00% 0.00
Feb 01 5.75% 0.25
Mar 01 5.75% 0.00
Apr 01 5.50% 0.25
May 01 5.25% 0.25
Jun 01 5.25% 0.00
Jul 01 5.25% 0.00
Aug 01 5.00% 0.25
Sep 01 4.75% 0.25
Oct 01 4.50% 0.25
Nov 01 4.00% 0.50
Dec 01 4.00% 0.00
Jan 02 4.00% 0.00
Feb 02 4.00% 0.00
Mar 02 4.00% 0.00
Apr 02 4.00% 0.00
May 02 4.00% 0.00
Jun 02 4.00% 0.00
Jul 02 4.00% 0.00
Aug 02 4.00% 0.00
Sep 02 4.00% 0.00
Oct 02 4.00% 0.00
Nov 02 4.00% 0.00
Dec 02 4.00% 0.00
Jan 03 4.00% 0.00
Feb 03 3.75% 0.25
Mar 03 3.75% 0.00
Apr 03 3.75% 0.00
May 03 3.75% 0.00
Jun 03 3.75% 0.00
Jul 03 3.50% 0.25
Aug 03 3.50% 0.00
Sep 03 3.50% 0.00
Oct 03 3.50% 0.00
Nov 03 3.75% 0.25
Dec 03 3.75% 0.00
Jan 04 3.75% 0.00
Feb 04 4.00% 0.25
Mar 04 4.00% 0.00
Apr 04 4.00% 0.00
May 04 4.25% 0.25
Jun 04 4.50% 0.25
Jul 04 4.50% 0.00
Aug 04 4.75% 0.25
Sep 04 4.75% 0.00
Oct 04 4.75% 0.00
Nov 04 4.75% 0.00
Dec 04 4.75% 0.00
Jan 05 4.75% 0.00
Feb 05 4.75% 0.00
Mar 05 4.75% 0.00
Apr 05 4.75% 0.00
May 05 4.75% 0.00
Jun 05 4.75% 0.00
Jul 05 4.75% 0.00
Aug 05 4.50% 0.25
Sep 05 4.50% 0.00
Oct 05 4.50% 0.00
Nov 05 4.50% 0.00
Dec 05 4.50% 0.00
Jan 06 4.50% 0.00
Feb 06 4.50% 0.00
Mar 06 4.50% 0.00
Apr 06 4.50% 0.00
May 06 4.50% 0.00
Jun 06 4.50% 0.00
Jul 06 4.50% 0.00
Aug 06 4.75% 0.25
Sep 06 4.75% 0.00
Oct 06 4.75% 0.00
Nov 06 5.00% 0.25
Dec 06 5.00% 0.00
Jan 07 5.25% 0.25
Feb 07 5.25% 0.00
Mar 07 5.25% 0.00
Apr 07 5.25% 0.00
May 07 5.50% 0.25
Jun 07 5.50% 0.00
Jul 07 5.75% 0.25
Sep 07 5.75% 0.00
Oct 07 5.75% 0.00
Nov 07 5.75% 0.00
Dec 07 5.50% 0.25
Jan 08 5.50% 0.00
Feb 08 5.25% 0.25
Mar 08 5.25% 0.00
Apr 08 5.00% 0.25
May 08 5.00% 0.00
Jun 08 5.00% 0.00
Jul 08 5.00% 0.00
Aug 08 5.00% 0.00
Sep 08 5.00% 0.00
Oct 08 4.50% 0.50
Nov 08 3.00% 1.50
Dec 08 2.00% 1.00
Jan 09 1.50% 0.50
Feb 09 1.00% 0.50
Apr 09 0.50% 0.50
May 09 0.50% 0.00
Jun 09 0.50% 0.00
Jul 09 0.50% 0.00
Aug 09 0.50% 0.00
Sep 09 0.50% 0.00
Oct 09 0.50% 0.00
Nov 09 0.50% 0.00
Dec 09 0.50% 0.00
Jan 10 0.50% 0.00
Feb 10 0.50% 0.00
Mar 10 0.50% 0.00
Apr 10 0.50% 0.00
May 10 0.50% 0.00
Jun 10 0.50% 0.00
Jul 10 0.50% 0.00
Aug 10 0.50% 0.00
Sep 10 0.50% 0.00
Nov 10 0.50% 0.00
Dec 10 0.50% 0.00
Jan 11 0.50% 0.00
Feb 11 0.50% 0.00
Mar 11 0.50% 0.00
Apr 11 0.50% 0.00
May 11 0.50% 0.00
Jun 11 0.50% 0.00
Jul 11 0.50% 0.00
Aug 11 0.50% 0.00
Sep 11 0.50% 0.00
Oct 11 0.50% 0.00
Nov 11 0.50% 0.00
Dec 11 0.50% 0.00
Jan 12 0.50% 0.00
Feb 12 0.50% 0.00
Mar 12 0.50% 0.00
Apr 12 0.50% 0.00
May 12 0.50% 0.00
Jun 12 0.50% 0.00
Jul 12 0.50% 0.00
Aug 12 0.50% 0.00
Sep 12 0.50% 0.00
Oct 12 0.50% 0.00
Nov 12 0.50% 0.00
Dec 12 0.50% 0.00
Jan 13 0.50% 0.00
Feb 13 0.50% 0.00
Mar 13 0.50% 0.00
Apr 13 0.50% 0.00
May 13 0.50% 0.00
Jun 13 0.50% 0.00
Jul 13 0.50% 0.00
Aug 13 0.50% 0.00
Sep 13 0.50% 0.00
Oct 13 0.50% 0.00
Nov 13 0.50% 0.00
Dec 13 0.50% 0.00
Jan 14 0.50% 0.00
Feb 14 0.50% 0.00
Mar 14 0.50% 0.00
Apr 14 0.50% 0.00
May 14 0.50% 0.00
Jun 14 0.50% 0.00
Jul 14 0.50% 0.00
Aug 14 0.50% 0.00
Sep 14 0.50% 0.00
Oct 14 0.50% 0.00
Nov 14 0.50% 0.00
Dec 14 0.50% 0.00
Jan 15 0.50% 0.00
Feb 15 0.50% 0.00
Mar 15 0.50% 0.00
Apr 15 0.50% 0.00
May 15 0.50% 0.00
Jun 15 0.50% 0.00
Jul 15 0.50% 0.00