Bank Lending Rate in the United Kingdom remained unchanged at 6.25 percent in February. Bank Lending Rate in the United Kingdom averaged 7.02 percent from 1950 until 2024, reaching an all time high of 18.00 percent in November of 1979 and a record low of 0.00 percent in July of 2021. source: Bank of England

Bank Lending Rate in the United Kingdom is expected to be 6.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Prime Lending Rate is projected to trend around 4.50 percent in 2025 and 3.50 percent in 2026, according to our econometric models.

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United Kingdom Prime Lending Rate

Related Last Previous Unit Reference
Consumer Confidence -21.00 -19.00 points Feb 2024
Retail Sales MoM 3.40 -3.30 percent Jan 2024
Retail Sales YoY 0.70 -2.40 percent Jan 2024
Consumer Spending 349319.00 349806.00 GBP Million Dec 2023
Disposable Personal Income 371448.00 370084.00 GBP Million Sep 2023
Personal Savings 10.30 9.70 percent Sep 2023
Bank Lending Rate 6.25 6.25 percent Feb 2024
Net Lending to Individuals MoM 367.00 2063.00 GBP Million Dec 2023
Cbi Distributive Trades -7.00 -50.00 Net Balance Feb 2024
Retail Sales Ex Fuel 3.20 -3.50 percent Jan 2024
Consumer Credit 1197.00 2058.00 GBP Million Dec 2023
Gasoline Prices 1.79 1.94 USD/Liter Dec 2023
Households Debt to GDP 80.70 82.00 percent of GDP Jun 2023
Households Debt to Income 122.56 123.20 percent Dec 2019
Consumer Confidence Major Purchases Expectations 1.00 9.00 Jun 2017
Consumer Confidence Current Conditions -25.00 -20.00 Jun 2017

United Kingdom Prime Lending Rate
In the United Kingdom, the prime lending rate is the average rate of interest charged on loans by major commercial banks to private individuals and companies.
Actual Previous Highest Lowest Dates Unit Frequency
6.25 6.25 18.00 0.00 1950 - 2024 percent Monthly