Short-term interest rate (per cent) - United Kingdom - OECD - Monthly
This series is part of the dataset: OECD interest rates
Download Full Dataset (.xlsx)Latest updates. In the United Kingdom, the short-term interest rate was 3.62 per cent in February 2026, versus 3.71 in the previous month.
Sample. There are 482 data points in the monthly time series shown in the plot above. The time period covered by the series is from January 1986 to February 2026.
History. Check out a few simple statistics calculated on the whole sample: the interest rate had a mean of 4.85 per cent; it recorded its highest level of 15.32 in March 1990; it reached a trough of 0.03 in December 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 3.75 |
| 2026-01-31 | 3.71 |
| 2026-02-28 | 3.62 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Short-term interest rate |
| Country | United Kingdom |
| Economic concept | Interest rate |
| Data type | Annual interest rate |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Level |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | OECD |
| Source type | International organization |
| Data licence | Redistributable with citation |
| Other information | Short-term interest rates are the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market. |
| FSR temporal aggregation code | LM1 |
Series in the same data set
Discover the other time series included in this data set.