Bank Lending Rate in the United Kingdom remained unchanged at 1.10 percent in December from 1.10 percent in November of 2020. source: Bank of England

Bank Lending Rate in the United Kingdom averaged 7.18 percent from 1950 until 2020, reaching an all time high of 18 percent in November of 1979 and a record low of 1.10 percent in April of 2020. This page provides - United Kingdom Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Prime Lending Rate - values, historical data and charts - was last updated on January of 2021.

Bank Lending Rate in the United Kingdom is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in the United Kingdom to stand at 0.90 in 12 months time. In the long-term, the United Kingdom Prime Lending Rate is projected to trend around 0.90 percent in 2022, according to our econometric models.

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United Kingdom Prime Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.10 18.00 1.10 1950 - 2020 percent Monthly

United Kingdom Consumer Last Previous Highest Lowest Unit
Consumer Confidence -26.00 -33.00 10.00 -39.00 points [+]
Retail Sales MoM -3.80 1.30 13.80 -18.10 percent [+]
Retail Sales YoY 2.40 5.80 13.10 -22.90 percent [+]
Consumer Spending 314245.00 263875.00 351208.00 70183.00 GBP Million [+]
Disposable Personal Income 371357.00 352846.00 371357.00 68149.00 GBP Million [+]
Personal Savings 16.50 26.50 26.50 -0.90 percent [+]
Bank Lending Rate 1.10 1.10 18.00 1.10 percent [+]
Retail Sales Ex Fuel -2.60 1.40 13.20 -14.90 percent [+]
Cbi Distributive Trades -3.00 -25.00 72.00 -55.00 Net Balance [+]
Consumer Credit -1539.00 -698.00 2245.00 -7500.00 GBP Million [+]
Gasoline Prices 1.59 1.52 2.22 0.92 USD/Liter [+]
Households Debt To GDP 87.70 84.50 94.90 28.80 percent of GDP [+]
Consumer Confidence Current Conditions -25.00 -20.00 7.00 -82.00 [+]
Consumer Confidence Economic Expectations -23.00 -21.00 20.00 -52.00 [+]
Consumer Confidence Financial Expectations 0.00 4.00 15.00 -18.00 [+]
Consumer Confidence Major Purchases Expectations 1.00 9.00 31.00 -43.00 [+]


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.