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Promoting the good of the people of the United Kingdom by maintaining monetary and financial stability

Top News

Financial Stability Report, December 2014

16 December 2014

The Bank has published the December FSR, as well as the results of the first concurrent stress testing exercise of the UK banking system. More »

Other News

Record of FPC meetings held on 8 and 15 December 2014 More »

22 December 2014

News Release - Financial Policy Committee dates for 2015 More »

22 December 2014

Working Paper No. 519: Long-term unemployment and convexity in the Phillips curv... More »

19 December 2014

Strengthening accountability in banking: forms, consequential and transitional a... More »

19 December 2014

In Focus

A Date to Remember - Museum event

Children of all ages can get creative and draw their favourite Museum object onto a calendar to take home More »

Interest rates and the Monetary Policy Committee (MPC)

Read our postcard to learn about interest rates and the role of the MPC More »

Subscribe to email updates

Email updates are available for most Bank outputs More »

What are bank funding costs?

This video sets out what bank funding costs are in simple terms, using an analogy of two buckets on a pair of scales More »

Money and Credit - November 2014 (09:30)
02 January 2015
Effective interest rates - November 2014 (09:30)
02 January 2015
Bankstats (Monetary & Financial Statistics) - November 2014 (09:30)
02 January 2015

Key Facts

Current Bank Rate Inflation Target 0.5%
View decisions and minutes Next due:
8 Jan 2015
Quantitative Easing Asset Purchase Programme Inflation Target £375 bn
More information Next due:
8 Jan 2015
Current Inflation Inflation Target 1.0%
Next due:
13 Jan 2015
Inflation Target Inflation Target 2.0%
More information