Date |
Rate |
|
May 2013 |
0.50% |
 |
Apr 2013 |
0.50% |
|
Mar 2013 |
0.50% |
|
Feb 2013 |
0.50% |
|
Jan 2013 |
0.50% |
|
Dec 2012 |
0.50% |
|
Nov 2012 |
0.50% |
|
Oct 2012 |
0.50% |
|
Sep 2012 |
0.50% |
|
Aug 2012 |
0.50% |
|
Jul 2012 |
0.50% |
|
Jun 2012 |
0.50% |
|
May 2012 |
0.50% |
|
|
|
Each month the Bank of England's Monetary Policy Committee meets to discuss issues surrounding the
economy and in particular the likely effects on Inflation. At that meeting they also set the Minimum
Lending Rate (MLR). This was originally introduced in 1974 and is the minimum rate of interest
charged by the Bank of England to commercial banks should they need to borrow money. Changes to the
MLR has the effect of determining changes in the rates of interest charged by commercial lenders
when lending to businesses or to members of the public.
The table gives details of the last 12 decisions regarding the MLR by the Bank
of England. Each line shows the rate decision for the month, the arrows indicate whether the rate
is different to the previous month's figure and if in what direction. |
Investors Planning Associates Ltd
Website last changed: 27/12/2012
