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Prices1694–2016percent

Bank of England Bank Rate since 1694

The Bank of England’s main interest rate (Bank Rate) since 1694, the year the Bank was founded.

0.25%United Kingdom · 2016

Bank of England – A millennium of macroeconomic data for the UK (v3.1)Published by source: 2024-09-26
debt
Saved data version: retrieved 2026-11-05, ID 97a0c66fbacaWarehouse version at build: v45
Data coverage
  • United Kingdom: 1694–2016; observations: 323; missing years: 0

Missing years are counted between the first and last observations. A missing value is not zero.

United Kingdom

323 rows for United Kingdom

Time range:
0.005.0010.0015.0020.0017001750180018501900195020000.25
Year

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United Kingdom

Period statistics

Calculated from the values shown in this view for the selected period. Statistics follow the active display mode.

United Kingdom

6.00→0.25

Total change
−5.8 pp
Period
1694–2016

United Kingdom: 6.00 (1694) → 0.25 (2016). Difference: −5.8 pp. Peak value of 17.00 in 1979; lowest value of 0.25 in 2016.

Compare on chart

Format:
Bank of England Bank Rate since 1694 — United Kingdom
YearCountryValue
2016United Kingdom0.25%
2015United Kingdom0.5%
2014United Kingdom0.5%
2013United Kingdom0.5%
2012United Kingdom0.5%
2011United Kingdom0.5%
2010United Kingdom0.5%
2009United Kingdom0.5%
2008United Kingdom2%
2007United Kingdom5.5%
2006United Kingdom5%
2005United Kingdom4.5%
2004United Kingdom4.75%
2003United Kingdom3.75%
2002United Kingdom4%
2001United Kingdom4%
2000United Kingdom6%
1999United Kingdom5.5%
1998United Kingdom6.25%
1997United Kingdom7.25%
Source
Bank of England – A millennium of macroeconomic data for the UK (v3.1)
Licence
Bank of England terms (free reuse with attribution)
Published by source
2024-09-26
Retrieved
2026-11-05
Indicator code in source
bank-rate
Unit of measure
percent
Data version
v45

Cite

Longseries, “Bank of England Bank Rate since 1694”. Bank of England – A millennium of macroeconomic data for the UK (v3.1) (bank-rate), 1694–2016, United Kingdom. Thomas, Ryland and Nicholas Dimsdale (2017), “A millennium of macroeconomic data for the UK”, v3.1, Bank of England. Retrieved 2026-11-05. Bank of England terms (free reuse with attribution). Data version v45. Data SHA-256: 97a0c66fbacae05f9c1f9d7cb958345d77589a71864e85d56b874507b5325b3a. https://longseries.com/en/d/boe-bank-rate/

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No source revisions recorded yet — revisions are logged when an official source updates historical values.

Latest values

1 place — sorted by value, highest first
Country
United Kingdom20160.25%0.3%

About this series

A millennium of macroeconomic data for the UK, Bank of England, v3.1 (Thomas and Dimsdale, 2017), sheet “A1. Headline series”. Rate in % a year from 1694. The file is no longer updated: last published in 2017, data to 2016.

Indicator definition

The Bank of England’s main policy rate (Bank Rate), in %, set by the Bank itself rather than by the market. For short-term market rates see Short-term interest rates (OECD).

How to read the data

The rate changes in steps and often holds for years, so read it as a history of monetary regimes. Its highest levels came in the 1970s and 1980s, and it has been close to zero since 2009.

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