United Kingdom policy interest rate
The official interest rate set by the Bank of England's Monetary Policy Committee (MPC); the rate paid on commercial banks' reserve balances at the Bank and the anchor for UK sterling money-market rates.
| Current value | 3.75 percent |
|---|---|
| In force from | 2025-12-18 |
| Official source | Bank of England, Monetary Policy Summary and minutes of the MPC meeting ending 17 June 2026 ('Bank Rate maintained at 3.75%'), published 18 June 2026; level last changed by the December 2025 MPC ('Bank Rate reduced to 3.75%', announced 18 December 2025, vote 5-4) |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
The UK is NOT in the euro area and the ECB policy rates do not apply here — the operative rate is Bank Rate, set by the nine-member MPC under the Bank of England Act 1998 (as amended). Bank Rate was cut to 3.75% at the December 2025 MPC meeting (announced 18 December 2025, vote 5-4, fourth cut of 2025) and has been held at that level at every meeting since, most recently at the meeting ending 17 June 2026, where the vote was 7-2 to maintain (two members preferred a 25bp increase to 4.00%). effective_from is the announcement date of the December 2025 cut — BoE rate changes take effect from the day of announcement. There are eight scheduled MPC meetings a year; the next decision is announced 30 July 2026 at 12:00 London time (meeting ends 29 July) alongside a Monetary Policy Report, so this value has a known near-term expiry risk. ACCESS QUIRK: www.bankofengland.co.uk returns HTTP 403 to non-browser fetchers; this value was confirmed from BoE-domain search results (official page titles carry the decision, e.g. 'Bank Rate maintained at 3.75% - June 2026') and corroborated by the House of Commons Library economic-indicator briefing SN02802, rather than a rendered page load. For machine re-verification use the BoE Interactive Statistical Database series IUDBEDR, or a real browser session.
Earlier values
| From | Value | Source |
|---|---|---|
| 2018-01-02 | 0.5 | Bank for International Settlements - Central Bank Policy Rat |
| 2018-08-02 | 0.75 | Bank for International Settlements - Central Bank Policy Rat |
| 2020-03-11 | 0.25 | Bank for International Settlements - Central Bank Policy Rat |
| 2020-03-19 | 0.1 | Bank for International Settlements - Central Bank Policy Rat |
| 2021-12-16 | 0.25 | Bank for International Settlements - Central Bank Policy Rat |
| 2022-02-03 | 0.5 | Bank for International Settlements - Central Bank Policy Rat |
| 2022-03-17 | 0.75 | Bank for International Settlements - Central Bank Policy Rat |
| 2022-05-05 | 1 | Bank for International Settlements - Central Bank Policy Rat |
| 2022-06-16 | 1.25 | Bank for International Settlements - Central Bank Policy Rat |
| 2022-08-04 | 1.75 | Bank for International Settlements - Central Bank Policy Rat |
| 2022-09-22 | 2.25 | Bank for International Settlements - Central Bank Policy Rat |
| 2022-11-03 | 3 | Bank for International Settlements - Central Bank Policy Rat |
Get it programmatically
curl https://euroref.dev/v1/gb/policy-rate
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://euroref.dev/v1/gb/policy-rate/history?from=2020-01-01
# Provenance: curl https://euroref.dev/provenance/gb/policy-rateOther United Kingdom series: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates · late-payment interest rate