Historical Interest Rates in UK
Bank Rate 1830–1972 and 2006–09, Minimum Lending Rate 1972–81, London clearing banks’ base rate 1981–97, repo rate 1997–2006. End year observation.
Interest Rates in the Twentieth Century
Interest Rates since 1945
Interest rates were also increased to 15% at the beginning of the 1990s when the UK was trying to keep the value of Pound fixed in the ERM and reduce inflation.
Historical Real Interest Rates
Inflation and Interest Rates 1945-2011
Inflation and Interest Rates since 1900
Interest rates and Inflation since 1979
Definition of Real interest Rate= Nominal interest rate – inflation.
e.g. if CPI inflation is currently 3.2% and Base rates are currently 0.5%. It means we have a negative real interest rate of – 2.7%
Recent Real Interest Rates