7-Day Reverse Repo Rate in United Kingdom
Inflation came in at 8.7% in April, down from March’s 10.1%. April’s result marked the lowest inflation rate since March 2022, but was far higher than market expectations of 8.2%. Looking forward, inflation should continue to trend down on tighter monetary policy, but is still forecast to average double the Bank of England’s (BoE) 2.0% target in Q4 2023.
United Kingdom 7-Day Reverse Repo Rate Chart
United Kingdom 7-Day Reverse Repo Rate Data
|SONIA Rate (%, eop)||0.41||0.70||0.71||0.04||0.19|