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United Kingdom SONIA Rate (%, eop)

Inflation eased to 10.1% in January (December: 10.5%). January’s result represented the lowest inflation rate since August 2022 and was below market expectations. Price pressures will ease further this year on soft economic momentum, milder commodity price pressures and a tougher base effect. However, inflation will remain over double the Bank of England’s 2.0% target.

United Kingdom SONIA Rate (%, eop) Data

2017 2018 2019 2020 2021
SONIA Rate (%, eop) 0.41 0.70 0.71 0.04 0.19

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