Granite Financial Management

	Granite Wrap Login

Bank Base Rate

Bank of England Base Rate

Date	Rate
Aug 2010	0.50%
Jul 2010	0.50%
Jun 2010	0.50%
May 2010	0.50%
Apr 2010	0.50%
Mar 2010	0.50%
Feb 2010	0.50%
Jan 2010	0.50%
Dec 2009	0.50%
Nov 2009	0.50%
Oct 2009	0.50%
Sep 2009	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.

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.

TOP

Granite Financial Management Limited,
Granite House, 122 Feering Hill, Feering, Colchester, Essex, CO5 9PY. Registered in England, Number 4541271. Registered office as above.

Authorised and regulated by the Financial Services Authority.
The Financial Services Authority does not regulate Taxation and Trust Advice, Will Writing, Finance and School Fees Planning.

We are entered on the FSA register No 232078 at www.fsa.gov.uk/register.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances but we estimate that it will be £295.

The levels, bases and reliefs from taxation may be subject to change.

The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Please ensure you read our User Terms, Client Agreement and Privacy statement.

Website last changed: 27/08/2010