UK bank lending rate

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UK bank lending rate closed down 6.25 as of March 31, 2024 from 6.25 from the previous day, 6.25 last week and 3.25 last month.

UK bank lending rate Analytics & Data




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UK bank lending rate Historical Data

DateClose
2024-03-31 6.25
2024-02-29 6.25
2024-01-31 6.25
2023-12-31 6.25
2023-11-30 6.25
2023-10-31 6.25
2023-09-30 6.25
2023-08-31 6.25
2023-07-31 6
2023-06-30 6
2023-05-31 5.5
2023-05-31 5.5
2023-05-31 5.5
2023-05-31 5.5
2023-04-30 5.25
2023-03-31 5.25
2023-02-28 5
2023-01-31 4.5
2022-12-31 4.5
2022-11-30 4
2022-10-31 3.25
2022-09-30 3.25
2022-08-31 2.75
2022-07-31 2.25
2022-06-30 2.25
2022-05-31 2
2022-04-30 1.75
2022-03-31 1.75
2022-02-28 1.5
2022-01-31 1.25
2021-12-31 1.25
2021-11-30 1.1
2021-10-31 1.1
2021-09-30 1.1
2021-08-31 1.1
2021-06-30 1.1
2021-05-31 1.1
2021-04-30 1.1
2021-03-31 1.1
2021-02-28 1.1
2021-01-31 1.1
2020-12-31 1.1
2020-11-30 1.1
2020-10-31 1.1
2020-09-30 1.1
2020-08-31 1.1
2020-07-31 1.1
2020-06-30 1.1
2020-05-31 1.1
2020-04-30 1.1
2020-03-31 1.25
2020-02-29 1.75
2020-01-31 1.75
2019-12-31 1.75
2019-11-30 1.75
2019-10-31 1.75
2019-09-30 1.75
2019-08-31 1.75
2019-07-31 1.75
2019-06-30 1.75

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UK bank lending rate Statistics

SecuritySymbolLastMomentumTrendOscillator1D%1W%1M%1Y%
UK bank lending rateuk.banks.lendingrate0000

UK bank lending rate Factors

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UK bank lending rate Historical Data

The MacroVar database offers free access to historical data for the UK bank lending rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of UK bank lending rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the UK bank lending rate

The UK bank lending rate is the interest rate at which banks lend money to their customers. It is a key indicator of the cost of borrowing for individuals and businesses in the UK. The bank lending rate is set by the Bank of England's Monetary Policy Committee, which aims to maintain price stability and support economic growth. Changes in the bank lending rate can have a significant impact on the overall economy, influencing consumer spending, business investment, and inflation levels. It is closely monitored by policymakers, economists, and financial markets as a key measure of the health of the UK economy.