ECB Overnight Deposit 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 ECB Overnight Deposit Rate Chart
This chart displays ECB Overnight Deposit Rate (%, eop) for United Kingdom from 2013 to 2022.
United Kingdom ECB Overnight Deposit Rate Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| SONIA Rate (%, eop) | 0.41 | 0.70 | 0.71 | 0.04 | 0.19 |