Lending Rate in the United Kingdom remained unchanged at 1 percent in October from 1 percent in September of 2018. Lending Rate in the United Kingdom averaged 0.80 percent from 2008 until 2018, reaching an all time high of 4.75 percent in October of 2008 and a record low of 0.50 percent in August of 2016.
Lending Rate in the United Kingdom is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in the United Kingdom to stand at 1.25 in 12 months time. In the long-term, the United Kingdom Operational Standing Lending Facility Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.