Bank of England Bank Rate

## What this measures

The Bank of England's policy interest rate, set by the Monetary Policy Committee.

## Why it matters

It sets UK borrowing costs, including tracker mortgages and savings rates.

## How to read it

Changes happen at the MPC's eight meetings a year. Compare with inflation and with the Federal Reserve and Bank of Canada.

## What it does not say

It is a set rate, not a market rate.

## Source

Bank of England Statistical Interactive Database, series IUDBEDR ("Official Bank Rate"). Palanor reads it from the database's CSV export every weekday.

Source: Bank of England. Contains public sector information licensed under the Open Government Licence v3.0.