UK - United Kingdom Central Bank key rates 2023

United Kingdom INTEREST RATES

United Kingdom has increased its interest rates

United Kingdom has increased its interest rates by 0.25 percentage points, from 5% to an annual rate of 5.25%.

The key rates a tool used by Central Banks to implement monetary policy.

An increase in interest rates is used to slow down inflation and protect the currency.

This change is the first to have taken place since on June22th 2023, when the Central Bank increased interest rates by 0.5 percentage points to 5%.

Here we show you the progression of interest rates in United Kingdom. You can see interest rates in other countries in interest rates and see all the economic information about United Kingdom in United Kingdom economy.

United Kingdom - Key rates

Date	Key rates
08/03/2023	5.25%
06/22/2023	5.00%
05/11/2023	4.50%
03/23/2023	4.25%
02/02/2023	4.00%
12/15/2022	3.50%
11/03/2022	3.00%
09/22/2022	2.25%
08/04/2022	1.75%
06/16/2022	1.25%
05/05/2022	1.00%
03/17/2022	0.75%
02/03/2022	0.50%
12/16/2021	0.25%
03/19/2020	0.10%
03/11/2020	0.25%
01/03/2020	0.75%
08/02/2018	0.75%
11/02/2017	0.50%
08/04/2016	0.25%
01/05/2016	0.50%
01/03/2014	0.50%
03/05/2009	0.50%
02/05/2009	1.00%
01/08/2009	1.50%
12/04/2008	2.00%
11/06/2008	3.00%
10/08/2008	4.50%
04/10/2008	5.00%
02/07/2008	5.25%
12/06/2007	5.50%
07/05/2007	5.75%
05/10/2007	5.50%
01/11/2007	5.25%
11/09/2006	5.00%
08/03/2006	4.75%
08/04/2005	4.50%
08/05/2004	4.75%
06/10/2004	4.50%
05/06/2004	4.25%
02/05/2004	4.00%
11/06/2003	3.75%
07/10/2003	3.50%
02/06/2003	3.75%
11/08/2001	4.00%
10/04/2001	4.50%
09/18/2001	4.75%
08/02/2001	5.00%
05/10/2001	5.25%
04/05/2001	5.50%
02/08/2001	5.75%
02/10/2000	6.00%
01/13/2000	5.75%
11/04/1999	5.50%
09/08/1999	5.25%
06/10/1999	5.00%
04/08/1999	5.25%
02/04/1999	5.50%
01/07/1999	6.00%
12/10/1998	6.25%
11/05/1998	6.75%
10/08/1998	7.25%
06/04/1998	7.50%
11/06/1997	7.25%
08/07/1997	7.00%
07/10/1997	6.75%
06/06/1997	6.50%
05/06/1997	6.25%
10/30/1996	5.94%
06/06/1996	5.69%
03/08/1996	5.94%
01/18/1996	6.13%
12/13/1995	6.38%
02/02/1995	6.63%
12/07/1994	6.13%
09/12/1994	5.63%
02/08/1994	5.13%
11/23/1993	5.38%
01/26/1993	5.88%
11/13/1992	6.88%
10/16/1992	7.88%
09/22/1992	8.88%
05/05/1992	9.88%
09/04/1991	10.38%
07/12/1991	10.88%
05/24/1991	11.38%
04/12/1991	11.88%
03/22/1991	12.38%
02/27/1991	12.88%
02/13/1991	13.38%
10/08/1990	13.88%
10/06/1989	14.88%
09/08/1989	13.75%
09/04/1989	13.88%
08/31/1989	13.84%
05/25/1989	13.75%
11/25/1988	12.88%
08/25/1988	11.88%
08/08/1988	10.88%
07/21/1988	10.38%

United Kingdom - Key rates