Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
UK Official Bank Rate
It's an important driver of commodity demand - lower interest rates decrease carrying costs. Reduced costs to store goods will spur companies to make investments in raw materials, leading to higher inventory levels;
The rate decision is usually priced in the market, so it tends to be overshadowed by the Monetary Policy Summary, which is focused on the future;
- UK Official Bank Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Apr 30, 2026 | 3.75% | 3.75% | 3.75% |
| Mar 19, 2026 | 3.75% | 3.75% | 3.75% |
| Feb 5, 2026 | 3.75% | 3.75% | 3.75% |
| Dec 18, 2025 | 3.75% | 3.75% | 4.00% |
| Nov 6, 2025 | 4.00% | 4.00% | 4.00% |
| Sep 18, 2025 | 4.00% | 4.00% | 4.00% |
| Aug 7, 2025 | 4.00% | 4.00% | 4.25% |
| Jun 19, 2025 | 4.25% | 4.25% | 4.25% |
- Details
Specs
Source:
Measures:
Interest rate at which the BOE lends to financial institutions overnight;
Usual Effect:
'Actual' less than 'Forecast' is good for energy prices;
Frequency:
Scheduled monthly;
Derived Via:
MPC members vote on where to set the rate. The individual votes are published 2 weeks later in the MPC Meeting Minutes;
Also Called:
Interest Rates;
Acro Expand:
Bank of England (BOE), Monetary Policy Committee (MPC);
Event Type:
Central Bank