1. November 1979 17%
Margaret Thatcher raises rates to quell inflation; prompts deep recession
2. May 1988 7.375%
Rates fall during Nigel Lawson boom years
3. October 1989 14.875%
Rates go back up again to fight inflation; housing market collapses
1
15%
3
10
Increases expected to raise rate to 1% by end of next year
2
5
4
5
6
7
1980
1990
2000
2010
2020
4. May 1997 6.25%
Tony Blair elected amid long fall in interest rates
5. September 2001 4.75%
Twin towers attack prompts worldwide rate cut
6. March 2009 0.5%
7. March 2020 0.1%
17%
November 1979
Margaret Thatcher raises rates to quell inflation; prompts deep recession
14.875%
October 1989
Rates go back up again to fight inflation; housing market collapses
15%
6.25%
May 1997
Tony Blair elected amid long fall in interest rates
10
4.75%
September 2001
Twin towers attack prompts worldwide rate cut
Increases expected to raise rate to 1% by end of next year
7.375%
May 1988
Rates fall during Nigel Lawson boom years
5
0.5%
March
2009
0.1%
March
2020
0
1975
1980
1985
1990
1995
2000
2005
2010
2015
2020