Historical trend
Trend summary
Bank base rate was 3.75% in 2026-07, unchanged from 2026-06.
Trend
- Over the available record (1975-01–2026-07), it has ranged from 0.10% in 2020-04 to 17.00% in 1979-12.
- The latest reading is below the record average of 6.12%.
Context
- The Monetary Policy Committee sets the base rate at meetings held eight times per year; decisions are published with minutes and a Monetary Policy Report every quarter.
- The base rate directly influences mortgage rates, savings rates, and the cost of government borrowing.
Generated from the published series — describes direction, magnitude and range only, with no editorial judgement or forecasts.
About this indicator
- Source
- Bank of England
- Update frequency
- Monthly
- Last updated
- 10 August 2026
- Next update
- 10 September 2026
- Licence
- OGL v3
- Direction
- → Flat
Statistics
- Latest
- 3.75 %
- Period high
- 4.25 %
- Period low
- 3.75 %
- Period average
- 3.88 %