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

Latest News

Use your paper fivers

28 April 2017

After 5 May 2017, banks, building societies and retailers no longer have to accept the paper £5 note as payment.

More »

Other News

SONIA recommended as the sterling near risk-free interest rate benchmark More »

28 April 2017

New UK Money Markets Code launched More »

26 April 2017

In Focus

Polymer additives consultation

The Bank’s consultation on The Future Composition of Polymer Banknotes is now open More »


The economy made simple. More »

Fraudulent emails

Received an email saying it's from the Bank of England? - check first! More »

Inflation Calculator

Use our online tool to find out how the cost of goods and services have changed over time More »

Forthcoming Events
Bankstats (Monetary & Financial Statistics) - March 2017 (09:30)
04 May 2017
Money and Credit - March 2017 (09:30)
04 May 2017

Key Facts

Current Bank Rate Inflation Target 0.25%
View past decisions Next due:
11 May 2017
Quantitative Easing Asset Purchase Programme Inflation Target £435 bn
More information Next due:
11 May 2017
Corporate Bond Purchases Inflation Target up to
£10 bn
More information  
Current Inflation Inflation Target 2.3%
Target 2.0% Next due:
16 May 2017

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