BoE

Central banks

Bank Rate

4.00%

Nov 12, 2026

3M 6M 1Y 5Y 10Y ALL

History

FirstLast

Bank Rate %3.754.00

10Y %4.965.20

Policy rate

Bank Rate 4.00% -

Last changed 2026-11-05 -

Last change 25bps -

3-month change 25bps -

6-month change 25bps -

12-month change 0bps -

Government yields

5Y 4.89% +4

10Y 5.20% +1

20Y 5.49% 0

Against policy

5Y - Bank Rate 89bps -

Leads to

About BoE

Rates in Britain

How does the Bank of England's policy rate compare with UK government bond yields (interest rates)?

Read Bank Rate

The headline is Bank Rate, the UK's policy interest rate. Above zero in Against policy means the five-year yield is higher.

Changes and gaps

The chart follows Bank Rate and the ten-year yield. Changes use basis points - 100 equal one percentage point.

The source

The Bank of England supplies policy rates and daily government bond yields. There are no market odds yet.

Sources and notes

Where do government yields sit against the BoE policy rate?

Market odds of the next move are not included yet because they need licensed futures data.

Rate changes and spreads are in basis points.

Last changed is the first archived date with a changed rate.

Policy changes use the latest reading on or before each calendar date.

The yields are Bank of England nominal par yields.

Against policy is a simple spread, not market odds. It uses the policy rate on or before the yield date.

3-month policy baseline: 2026-08-12.

6-month policy baseline: 2026-05-12.

12-month policy baseline: 2025-11-12.

5Y was last reported on 2026-11-11.

10Y was last reported on 2026-11-11.

20Y was last reported on 2026-11-11.

Against policy yield date: 2026-11-11. Policy rate date: 2026-11-11.

Bank of England Bank Rate and nominal par yields
Bank of England

Government yields sit well above Bank Rate

In plain words

Where it sits

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