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| Date | Annual average of official Bank Rate [a] [b] IUAABEDR |
|---|---|
| 31 Dec 20 | 0.2289 |
| 31 Dec 21 | 0.1059 |
| 31 Dec 22 | 1.466 |
| 31 Dec 23 | 4.6823 |
| 31 Dec 24 | 5.1093 |
Notes:
[a] Prior to May 2012 the Official Bank rate was published to two decimal places but has since been changed to four decimal places for consistency.
[b] On the 16th September 1992, the UK leaves the European Exchange Rate Mechanism. The minimum lending rate was raised to 12%, and planned to be raised to 15% (with effect from 17th September 1992; but never implemented). Please see: http://www.bankofengland.co.uk/archive/Documents/historicpubs/qb/1992/qb92q4382398.pdf for further explanation of changes implement to the minimum lending rate on "Black Wednesday".