United Kingdom lending rate

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United Kingdom lending rate: 5.5 (0%)
Last Update: June 30, 2024

United Kingdom lending rate closed down 5.5 as of June 30, 2024 from 5.5 from the previous month and 4.75 from last year.


United Kingdom lending rate Analytics & Data




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United Kingdom lending rate closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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United Kingdom lending rate

DateValues
2024-06-30 5.5
2024-05-31 5.5
2024-04-30 5.5
2024-03-31 5.5
2024-02-29 5.5
2024-01-31 5.5
2023-12-31 5.5
2023-11-30 5.5
2023-10-31 5.5
2023-09-30 5.25
2023-08-31 5.25
2023-07-31 4.75
2023-06-30 4.75
2023-05-11 4.75
2023-04-30 4.5
2023-03-31 4.25
2023-02-28 4.25
2023-01-31 3.75
2022-12-31 3.75
2022-11-03 3.25
2022-10-31 2.5
2022-09-22 2.5
2022-08-04 2
2022-07-31 1.5

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United Kingdom lending rate Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
lending rateuk.lendingrate5.55.5016UPUP502024-05-31

United Kingdom lending rate Factors

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United Kingdom lending rate Historical Data

The MacroVar database offers free access to historical data for the United Kingdom 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 United Kingdom lending rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the United Kingdom lending rate

The United Kingdom lending rate refers to the interest rate at which financial institutions in the UK lend money to borrowers. This rate is set by the Bank of England and serves as a benchmark for determining the cost of borrowing for individuals and businesses. The lending rate plays a crucial role in influencing economic activity, as it can impact consumer spending, investment decisions, and overall economic growth. Changes in the lending rate can be used as a tool by policymakers to control inflation and stimulate economic activity. Additionally, the lending rate can also affect exchange rates and the overall competitiveness of the UK economy.