CHANGES IN BANK RATE, MINIMUM LENDING RATE, MINIMUM BAND 1 DEALING RATE, REPO RATE AND OFFICIAL BANK RATE 1,2 Date New Date New Date New Date New Date New effective rate effective rate effective rate effective rate effective rate % % % % % Bank Rate Min. Lending Rate (cont) Min.Band 1 Dealing Rate (cont) 3 Min.Band 1 Dealing Rate (cont) 3 Repo Rate (cont) 1970 5 Mar 7.5000 31 Mar 9.5000 1982 27 Aug 10.6250 1988 25 Nov 12.8750 2003 10 Jul 3.5000 15 Apr 7.0000 12 Apr 9.2500 27 Sep 10.5000 6 Nov 3.7500 18 Apr 9.0000 28 Sep 10.3750 1989 25 May 13.7500 1971 1 Apr 6.0000 25 Apr 8.7500 29 Sep 10.2500 31 Aug 13.8438 2004 5 Feb 4.0000 2 Sep 5.0000 2 May 8.2500 30 Sep 10.1250 4 Sep 13.8750 6 May 4.2500 16 May 8.0000 12 Oct 9.6250 8 Sep 13.7500 10 Jun 4.5000 1972 22 Jun 6.0000 8 Aug 7.5000 1 Nov 9.3750 6 Oct 14.8750 5 Aug 4.7500 15 Aug 7.0000 2 Nov 9.1250 Min.Lending Rate 12 Sep 6.5000 26 Nov 10.0000 1990 8 Oct 13.8750 2005 4 Aug 4.5000 1972 16 Oct 7.2500 19 Sep 6.0000 30 Oct 7.5000 10 Oct 5.5000 1983 12 Jan 11.0000 1991 13 Feb 13.3750 4 Dec 7.7500 17 Oct 5.0000 15 Mar 10.5625 27 Feb 12.8750 11 Dec 8.0000 28 Nov 7.0000 13 Apr 10.3125 22 Mar 12.3750 2006 3 Aug 4.7500 27 Dec 9.0000 14 Apr 10.0625 12 Apr 11.8750 9 Nov 5.0000 1978 9 Jan 6.5000 13 Jun 9.8125 24 May 11.3750 1973 22 Jan 8.7500 12 Apr 7.5000 14 Jun 9.5625 12 Jul 10.8750 2007 11 Jan 5.2500 26 Mar 8.5000 8 May 8.7500 9 Aug 9.4375 4 Sep 10.3750 10 May 5.5000 16 Apr 8.0000 15 May 9.0000 10 Aug 9.5625 5 July 5.7500 24 Apr 8.2500 8 Jun 10.0000 3 Oct 9.0625 1992 5 May 9.8750 6 Dec 5.5000 14 May 8.0000 9 Nov 12.5000 22 Sep 8.8750 21 May 7.7500 1984 7 Mar 8.8125 16 Oct 7.8750 2008 7 Feb 5.2500 25 Jun 7.5000 1979 8 Feb 14.0000 14 Mar 8.5625 13 Nov 6.8750 10 April 5.0000 23 Jul 9.0000 1 Mar 13.0000 10 May 9.0625 8 Oct 4.5000 30 Jul 11.5000 5 Apr 12.0000 29 Jun 8.8750 1993 26 Jan 5.8750 6 Nov 3.0000 22 Oct 11.2500 13 Jun 14.0000 6 Jul 10.0000 23 Nov 5.3750 4 Dec 2.0000 13 Nov 13.0000 15 Nov 17.0000 11 Jul 12.0000 8 Aug 11.5000 1994 8 Feb 5.1250 2009 8 Jan 1.5000 1974 7 Jan 12.7500 1980 3 Jul 16.0000 9 Aug 11.0000 12 Sep 5.6250 5 Feb 1.0000 4 Feb 12.5000 25 Nov 14.0000 16 Aug 10.7500 7 Dec 6.1250 5 Mar 0.5000 8 Apr 12.2500 17 Aug 10.5000 16 Apr 12.0000 1981 11 Mar 12.0000 5 Nov 10.0000 1995 2 Feb 6.6250 28 May 11.7500 19 Nov 9.7500 13 Dec 6.3750 23 Sep 11.5000 Min. Band 1 Dealing Rate 3 23 Nov 9.5000 25 Aug 12.6875 1996 18 Jan 6.1250 1975 20 Jan 11.2500 15 Sep 14.0000 1985 14 Jan 11.8750 8 Mar 5.9375 27 Jan 11.0000 12 Oct 15.0000 28 Jan 13.8750 6 Jun 5.6875 10 Feb 10.7500 28 Oct 15.1250 20 Mar 13.3750 30 Oct 5.9375 17 Feb 10.5000 6 Nov 15.0625 28 Mar 12.8750 10 Mar 10.2500 9 Nov 14.6250 19 Apr 12.3750 Repo Rate 24 Mar 10.0000 25 Nov 14.5625 11 Jul 11.8750 1997 6 May 6.2500 21 Apr 9.7500 4 Dec 14.3750 26 Jul 11.3750 6 Jun 6.5000 5 May 10.0000 10 Jul 6.7500 28 Jul 11.0000 1982 18 Jan 14.3125 1986 15 Jan 12.3750 7 Aug 7.0000 6 Oct 12.0000 19 Jan 14.2500 19 Mar 11.3750 6 Nov 7.2500 17 Nov 11.7500 20 Jan 14.1250 11 Apr 10.8750 1 Dec 11.5000 21 Jan 14.0000 18 Apr 10.3750 1998 4 Jun 7.5000 29 Dec 11.2500 22 Jan 13.8750 23 May 9.8750 8 Oct 7.2500 22 Feb 13.8125 15 Oct 10.8750 5 Nov 6.7500 1976 5 Jan 11.0000 25 Feb 13.6250 10 Dec 6.2500 19 Jan 10.7500 10 Mar 13.2500 1987 9 Mar 10.3750 26 Jan 10.5000 16 Apr 13.1250 18 Mar 9.8750 1999 7 Jan 6.0000 2 Feb 10.0000 19 Apr 13.0000 28 Apr 9.3750 4 Feb 5.5000 9 Feb 9.5000 20 Apr 13.1250 8 May 8.8750 8 Apr 5.2500 1 Mar 9.2500 8 Jun 12.6250 6 Aug 9.8750 10 Jun 5.0000 8 Mar 9.0000 9 Jul 12.5000 23 Oct 9.3750 8 Sep 5.2500 26 Apr 10.5000 12 Jul 12.2500 4 Nov 8.8750 4 Nov 5.5000 24 May 11.5000 13 Jul 12.1250 3 Dec 8.3750 13 Sep 13.0000 21 Jul 12.0625 2000 13 Jan 5.7500 7 Oct 15.0000 26 Jul 11.9375 1988 1 Feb 8.8750 10 Feb 6.0000 22 Nov 14.7500 28 Jul 11.8125 17 Mar 8.3750 20 Dec 14.5000 29 Jul 11.7500 8 Apr 7.8750 2001 8 Feb 5.7500 29 Dec 14.2500 30 Jul 11.6250 17 May 7.3750 5 Apr 5.5000 2 Aug 11.5625 3 Jun 7.8750 10 May 5.2500 1977 10 Jan 14.0000 4 Aug 11.5000 10 Jun 8.3750 2 Aug 5.0000 24 Jan 13.2500 16 Aug 11.3750 24 Jun 8.8750 18 Sep 4.7500 31 Jan 12.2500 17 Aug 11.2500 7 Jul 9.8750 4 Oct 4.5000 3 Feb 12.0000 24 Aug 11.1250 21 Jul 10.3750 8 Nov 4.0000 10 Mar 11.0000 25 Aug 11.0000 8 Aug 10.8750 21 Mar 10.5000 26 Aug 10.8750 25 Aug 11.8750 2003 6 Feb 3.7500 1 - Bank Rate, Minimum Lending rate, Repo Rate and Official Bank Rate are interest rates. The Minimum Band 1 Dealing Rate are discount rates. 2 - 16.9.92, UK leaves the European Exchange Rate Mechanism. MLR set at 12%, raised to 15% (with effect from 17.9.92; never implemented). 3 - Data refers to the minimum published rate the Bank discounted bills at to relieve money market shortages (excludes late assistance and repurchase and sale agreements). 4 - The official bank rate paid on commercial bank reserves. Official Bank Rate 4 [...]... May May Jun Nov 6.5000 7.5000 8.7500 9.0000 10.0000 12.5000 1979 8 1 5 13 15 Feb Mar Apr Jun Nov 14.0000 13.0000 12.0000 14.0000 17.0000 1980 3 25 Jul Nov 16.0000 14.0000 1981 11 Mar 12.0000 Min .Band 1 Dealing Rate 1981 25 15 12 28 6 9 25 4 Aug Sep Oct Oct Nov Nov Nov Dec 12.6875 14.0000 15.0000 15.1250 15.0625 14.6250 14.5625 14.3750 1982 18 19 20 21 22 22 25 10 16 19 20 8 9 12 13 21 26 28 29 30 2... 8.0000 10.0000 6.0000 5.0000 1915 no changes 1916 13 July 6.0000 1917 18 5 Jan Apr 5.5000 5.0000 1918 no changes 1919 6 Nov 6.0000 1920 15 Apr 7.0000 1921 28 23 21 3 Apr Jun Jul Nov 6.5000 6.0000 5.5000 5.0000 1922 16 13 15 13 Feb Apr Jun Jul 4.5000 4.0000 3.5000 3.0000 1923 5 Jul 4.0000 1924 no changes 1925 5 6 1 3 Mar Aug Oct Dec 1926 no changes 1927 21 Apr 1928 no changes 1929 7 26 31 21 12 Feb Sep... Nov 6.0000 5.5000 5.2500 5.0000 5.2500 5.5000 2000 13 10 Jan Feb 5.7500 6.0000 Repo Rate 2001 8 5 10 2 18 4 8 Feb Apr May Aug Sep Oct Nov 5.7500 5.5000 5.2500 5.0000 4.7500 4.5000 4.0000 2003 6 10 6 Feb Jul Nov 3.7500 3.5000 3.7500 2004 5 6 10 5 Feb May Jun Aug 4.0000 4.2500 4.5000 4.7500 2005 4 Aug 4.5000 Official Bank Rate 2006 3 9 Aug Nov 4.7500 5.0000 2007 11 10 5 6 Jan May July Dec 5.2500 5.5000... Mar May Oct Nov Nov 6.5000 6.0000 5.5000 6.0000 6.5000 8.0000 1968 21 19 Mar Sep 7.5000 7.0000 1969 27 Feb 8.0000 1970 5 15 Mar Apr 7.5000 7.0000 1971 1 2 Apr Sep 6.0000 5.0000 1972 22 Jun 6.0000 Min Lending Rate 1972 16 30 4 11 27 Oct Oct Dec Dec Dec 7.2500 7.5000 7.7500 8.0000 9.0000 1973 22 26 16 24 14 21 25 23 30 22 13 Jan Mar Apr Apr May May Jun Jul Jul Oct Nov 8.7500 8.5000 8.0000 8.2500 8.0000... 2.5000 2.0000 1933-1938 no changes 1939 24 28 26 Aug Sep Oct 1940-1950 no changes 1951 8 Nov 5.0000 4.5000 4.0000 5.0000 4.5000 4.0000 3.0000 2.0000 2.5000 1952 11 Mar 4.0000 1953 17 Sep 3.5000 1954 13 May 3.0000 1955 27 24 Jan Feb 3.5000 4.5000 1956 16 Feb 5.5000 1957 7 19 Feb Sep 5.0000 7.0000 1958 20 22 19 14 20 Mar May Jun Aug Nov 6.0000 5.5000 5.0000 4.5000 4.0000 1959 no changes 1960 21 23 27 8 . shown. CHANGES IN BANK RATE, MINIMUM LENDING RATE, MINIMUM BAND 1 DEALING RATE, REPO RATE AND OFFICIAL BANK RATE Date New effective rate % Bank Rate 1694. 3.7500 1 - Bank Rate, Minimum Lending rate, Repo Rate and Official Bank Rate are interest rates. The Minimum Band 1 Dealing Rate are discount rates. 2