Perspective Financial Management Ltd Registered in England & Wales: No. 3120930. Trading office: The Old Library, 24 Walker Avenue, Wolverton Mill, Milton Keynes, MK12 5TW. Tel: 01908 579665  Fax: 01908 579664   E-mail: info@perspective-group.com Perspective Financial Management Limited is authorised and regulated by the Financial Services Authority.  Registered Office: Paradigm House, Brooke Court, Wilmslow, Cheshire, SK9 3ND. Tel: 0845 6881454, Fax: 0845 303833.  Perspective Financial Management Limited is a subsidiary of Perspective Financial Group Limited.

Bank Base Rate

  

Bank of England Base Rate

Date

Rate

  
Jun 2010 0.50% no change
May 2010 0.50% no change
Apr 2010 0.50% no change
Mar 2010 0.50% no change
Feb 2010 0.50% no change
Jan 2010 0.50% no change
Dec 2009 0.50% no change
Nov 2009 0.50% no change
Oct 2009 0.50% no change
Sep 2009 0.50% no change
Aug 2009 0.50% no change
Jul 2009 0.50% no change

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.

Source: Bank of England.

The information on this page has been sourced from the Bank of England website. We do not represent that the information it is accurate or complete, and it should not be relied upon as such.