It's part of the Monetary Policy action we take to meet the target that the Government sets us to keep inflation low and stable.īank Rate determines the interest rate we pay to commercial banks that hold money with us. Our Monetary Policy Committee (MPC) sets Bank Rate. In the news, it's sometimes called the ‘Bank of England base rate’ or even just ‘the interest rate’. News and publications Open News and publications sub menuīank Rate is the single most important interest rate in the UK.
Option-implied probability density functions Gross Domestic Product Real-Time Database The PRA’s statutory powers and enforcement Money Markets Committee and UK Money Markets Code
Greening our Corporate Bond Purchase Scheme (CBPS) Operational resilience of the financial sector Wholesale cash distribution in the futureįinancial market infrastructure supervision
