The Bank of England has raised the UK base interest rate to 3%, in the biggest single rate hike since 1989

October 1989

Rate jumps 1.125 points

to 14.875%

15%

November 2022

Rate jumps

0.75 points

to 3%

10

5

0

1980

1990

2000

2010

2020

October 1989

Rate jumps 1.125 points to 14.875%

15%

10

November 2022

Rate jumps 0.75 points

to 3%

5

0

1975

1980

1985

1990

1995

2000

2005

2010

2015

2020