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Tipus d'Interès Oficial del Banc Central (GBP)

Tipus d'interès principal establert pel Banc Central.

Latest reading: 5.25 (2024-01-02)  ·  %

Category: Monetary Policy

API Endpoint

/api/v1/announcements/gbp/policy_rate

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

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About Tipus d'Interès Oficial del Banc Central (GBP)

The United Kingdom policy interest rate is the benchmark rate set by the Bank of England to influence borrowing costs, credit conditions, and inflation throughout the economy. It is the single most important price in United Kingdom's financial system.

Why FX traders watch it

Policy rate differentials between countries are the primary driver of carry-trade positioning and long-run FX equilibrium. When the Bank of England is hiking while others are on hold, the gbp typically appreciates on an interest rate differential basis.

How to interpret the data

A surprise rate hike is gbp-positive; a surprise cut is negative. Forward guidance and the policy statement accompanying each decision are often more market-moving than the rate change itself, as markets are usually well-positioned for the expected move.

Historical Tipus d'Interès Oficial del Banc Central (GBP)

Source: BoE  ·  ~8x/year  ·  %

Data provided by FXMacroData via the /api/v1/announcements/gbp/policy_rate endpoint. For access, see pricing.

Data Source

Primary Source

BoE

Official Series ID

IUMABEDR

Data Format and Properties

Data Frequency

~8x/year

Unit of Measure

%

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "GBP",
    "indicator": "policy_rate",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve Tipus d'Interès Oficial del Banc Central data for GBP from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/gbp/policy_rate?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY

Frequently Asked Questions

How do I get the Bank of England policy rate history via API?
Policy rate history for United Kingdom is available at /api/v1/announcements/gbp/policy_rate, with announcement_datetime for every meeting decision.
What happens to the gbp when the Bank of England raises rates?
Rate hikes attract capital inflows seeking higher yield, which typically strengthens the gbp in the short run. However, very aggressive hikes can raise recession fears and eventually weaken the currency.