The Bank Rate
The Bank Base Rate is the rate currently referred to as the Bank of England's UK Repo Rate. It has been variously referred to as: Bank Rate, Minimum Lending Rate, Minimum Band 1 Dealing Rate, and Dealing Rate.
The Bank Base Rate is currently 0.5% last changed 5th Mar 2009
| Year |
Month |
Base Rate % |
Change % |
| 2009 |
5th Mar |
0.5 |
-0.5 |
| |
5th Feb |
1.00 |
-0.5 |
| |
8th Jan |
1.5 |
-0.5 |
| 2008 |
4th Dec |
2.00 |
-1% |
| |
6th Nov |
3.00 |
-1.5 |
| |
8th Oct |
4.50 |
-0.25 |
| |
10th April |
5.00 |
-0.25 |
| |
7th February |
5.25 |
-0.25 |
| 2007 |
6th December |
5.50 |
-0.25 |
| |
5th July |
5.75 |
+0.25 |
| |
10th May |
5.50 |
+0.25 |
| |
11th January |
5.25 |
+0.25 |
| 2006 |
9th November |
5.00 |
+0.25 |
| |
3rd August |
4.75 |
+0.25 |
| 2005 |
4th August |
4.5 |
-0.25 |
| 2004 |
5th August |
4.75 |
+0.25 |
| |
10th June |
4.50 |
+0.25 |
| |
6th May |
4.25 |
+0.25 |
| |
5th Feb |
4.00 |
+0.25 |
| 2003 |
6th Nov |
3.75 |
+0.25 |
| |
10th July |
3.50 |
-0.25 |
| |
7th Feb |
3.75 |
-0.25 |
| 2001 |
8th Nov |
4.00 |
-0.50 |
| |
3rd Oct |
4.50 |
-0.25 |
| |
19th Sept |
4.75 |
-0.25 |
| |
2nd Aug |
5.00 |
-0.25 |
| |
10th May |
5,25 |
-0.25 |
| |
5th April |
5.50 |
-0.25 |
| |
8th Feb |
5.75 |
-0.25 |
| |
10th Feb |
6.00 |
+0.25 |
| 2000 |
13th Jan |
5.75 |
+0.25 |
|
Never rely totally on this information which relates primarily to England & Wales. Before taking action or not, seek expert advice with the full facts of your case and all documents to hand.
