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    This page provides monthly forecasts of the Bank of England's base rate, the target rate set by the Bank of England's Monetary Policy Committee.

    Both historical data and forecasted values on this page reflect period average values.

    Forecast Models

    Our Market Consensus Forecast for the UK bank rate is generated utilizing data on publicly-traded SONIA futures and other closely related benchmark interest rates, and projecting the spread between SONIA and the base rate.

    This model is updated daily around 10:30 ET (14:30/15:30 UTC) on market days.

    Recommended citation for the Consensus Interest Rate Forecast Model :
    econforecasting.com (2023). Consensus Interest Rate Forecast Model. Retrieved from https://econforecasting.com/forecast-ukbankrate.