Retail Inflation Data

Official Bank Rate

Description:

The Monetary Policy Committee (MPC) sets the bank rate, also referred to as the discount rate, which is the rate of interest which a central bank charges on the loans and advances to a commercial bank. Change in bank rate affect the whole range of short and longer-term interest rates set by commercial banks, building societies and other institutions for their own savers and borrowers.

Source:

Bank of England

Release:

Monetary Policy Committee policy setting

Website:

http://www.bankofengland.co.uk/statistics/Pages/default.aspx

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