Bank Lending Rate in the United Kingdom remained unchanged at 1.75 percent in January from 1.75 percent in December of 2019. United Kingdom Prime Lending Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Bank Lending Rate in the United Kingdom averaged 7.26 percent from 1950 until 2020, reaching an all time high of 18 percent in November of 1979 and a record low of 1.25 percent in August of 2016. This page provides - United Kingdom Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bank of England

Bank Lending Rate in the United Kingdom is expected to be 1.75 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 1.75 in 12 months time. In the long-term, the United Kingdom Prime Lending Rate is projected to trend around 1.75 percent in 2021 and 2.00 percent in 2022, according to our econometric models.


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United Kingdom Prime Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.75 18.00 1.25 1950 - 2020 percent Monthly


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.