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The Bank of England
===================
Promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
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[
4.5%
Current Bank Rate
Next due: 20 March 2025
](/monetary-policy/the-interest-rate-bank-rate)[
3%
Current inflation rate
Ā Target: 2%
](/monetary-policy/inflation)
[
Surveys, forecasts and scenarios: setting UK monetary policy under uncertainty ā speech by Dave Ramsden
-------------------------------------------------------------------------------------------------------
Given at the Bureau for Economic Research, Stellenbosch University Read more about Surveys, forecasts and scenarios: setting UK monetary policy under uncertainty ā speech by Dave Ramsden
](/speech/2025/february/dave-ramsden-keynote-speech-stellenbosch-university-on-monetary-policy-geopolitical-fragmentation)
[
Are we underestimating changes in financial markets? - speech by Andrew Bailey
------------------------------------------------------------------------------
Given at The University of Chicago Booth School of Business, London Read more about Are we underestimating changes in financial markets? - speech by Andrew Bailey
](/speech/2025/february/andrew-bailey-keynote-speech-university-of-chicago-booth-school-of-business)
[
Bank Rate reduced to 4.5% - February 2025
-----------------------------------------
The Bank of Englandās Monetary Policy Committee is responsible for making decisions about Bank Rate. Read more about Bank Rate reduced to 4.5% - February 2025
](/monetary-policy-summary-and-minutes/2025/february-2025)
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### [Banknotes](/banknotes)
* [Exchanging old banknotes](/banknotes/exchanging-old-banknotes)
* [Current banknotes](/banknotes/current-banknotes)
* [Withdrawn banknotes](/banknotes/withdrawn-banknotes)
* [How to check your banknotes](/banknotes/counterfeit-banknotes/how-to-check-your-banknotes)
### [Education](/education)
* [Explainers](/explainers)
* [Education resources](/education/education-resources)
* [Money and me](/education/education-resources/money-and-me)
* [Centre for Central Banking Studies](/ccbs)
### [Financial stability](/financial-stability)
* [Stress testing](/stress-testing)
* [Resolution](/financial-stability/resolution)
* [Financial market infrastructure supervision](/financial-stability/financial-market-infrastructure-supervision)
* [Operational resilience](/financial-stability/operational-resilience-of-the-financial-sector)
### [Markets](/markets)
* [Bank of England Market Operations Guide](/markets/bank-of-england-market-operations-guide)
* [Transition to sterling risk free rates from LIBOR](/markets/transition-to-sterling-risk-free-rates-from-libor)
* [SONIA interest rate benchmark](/markets/sonia-benchmark)
* [Results and usage data](/markets/bank-of-england-market-operations-guide/results-and-usage-data)
### [Monetary policy](/monetary-policy)
* [Inflation calculator](/monetary-policy/inflation/inflation-calculator)
* [Interest rates and Bank Rate](/monetary-policy/the-interest-rate-bank-rate)
* [Quantitative easing](/monetary-policy/quantitative-easing)
* [Inflation and the 2% target](/monetary-policy/inflation)
### [Payment and settlement](/payment-and-settlement)
* [CHAPS](/payment-and-settlement/chaps)
* [RTGS Renewal Programme](/payment-and-settlement/rtgs-renewal-programme)
* [Payment and settlement statistics](/payment-and-settlement/payment-and-settlement-statistics)
* [Banking services](/payment-and-settlement/banking-services)
### [Prudential regulation](/prudential-regulation)
* [Which firms does the PRA regulate?](/prudential-regulation/authorisations/which-firms-does-the-pra-regulate)
* [Regulatory reporting - banking sector](/prudential-regulation/regulatory-reporting/regulatory-reporting-banking-sector)
* [Prudential and Resolution Policy Index](/prudential-regulation/prudential-and-resolution-policy-index)
* [Climate change](/climate-change)
### [Research](/research)
* [Our researchers](/research/researchers)
* [Bank of England Agenda for Research (BEAR)](/research/bank-of-england-agenda-for-research)
* [Staff Working Papers](/working-paper/staff-working-papers)
* [Bank Underground Opens in a new window](https://bankunderground.co.uk/)
### [Statistics](/statistics)
* [Our database Opens in a new window](https://www.bankofengland.co.uk/boeapps/database/)
* [Exchange rates](/statistics/exchange-rates)
* [Yield curves](/statistics/yield-curves)
* [Bankstats tables](/statistics/tables)
Featured
--------
[
### Explainers
Learn about how the economy works
](/explainers)
[
### The Future of Money
Find out about our free exhibition
](/museum/whats-on/the-future-of-money)
[
### Our History
Key moments from the last 330 years
](/about/history)
News & Events
-------------
[
Publication // Inflation Attitudes Survey
14 March 2025
### Bank of England/Ipsos Inflation Attitudes...
### Bank of England/Ipsos Inflation Attitudes Survey - February 2025
](/inflation-attitudes-survey/2025/february-2025)
[
Publication // Weekly report
13 March 2025
### Bank of England Weekly Report 12 March 2025
### Bank of England Weekly Report 12 March 2025
](/weekly-report/2025/12-march-2025)
[
News // Statement
12 March 2025
### Statement on CP18/23 ā diversity and inclusion...
### Statement on CP18/23 ā diversity and inclusion in PRA-regulated firms
](/news/2025/march/statement-on-cp18-23-diversity-and-inclusion-in-pra-regulated-firms)
[
News // News release
12 March 2025
### Bank of England appoints new Chief Operating...
### Bank of England appoints new Chief Operating Officer and Chief Cashier
](/news/2025/march/boe-appoints-new-chief-operating-officer-and-chief-cashier)
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