Bank Lending Rate in the United Kingdom increased to 1.25 percent in December from 1.10 percent in November of 2021. source: Bank of England

Bank Lending Rate in the United Kingdom averaged 7.10 percent from 1950 until 2021, reaching an all time high of 18 percent in November of 1979 and a record low of 0 percent in July of 2021. 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 2022.

Bank Lending Rate in the United Kingdom is expected to be 1.50 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 2.50 percent in 2023 and 2.75 percent in 2024, according to our econometric models.

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United Kingdom Prime Lending Rate

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
1.25 1.10 18.00 0.00 1950 - 2021 percent Monthly

Related Last Previous Unit Reference
Bank Lending Rate 1.25 1.10 percent Dec/21
Net Lending to Individuals MoM 4926.00 1977.00 GBP Million Nov/21
Consumer Credit 1233.00 828.00 GBP Million Nov/21