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Monetary Policy Graph

Historical Rate Decisions
Meeting No.
MPC Dates
Effective Date
ICB Policy Rate
1 November 20 - 21, 2002 November 21, 2002 25.50
2 January 22 - 24, 2003 January 24, 2003 25.50
3 March 19 - 21, 2003 March 21, 2003 27.50
4 May 21 - 23, 2003 May 23, 2003 27.50
5 July 16 - 18, 2003 July 18, 2003 26.00
6 October 8 - 10, 2003 October 10, 2003 24.00
7 December 10 - 12, 2003 December 12, 2003 21.50
8 February 18 - 20, 2004 February 20, 2004 20.00
9 May 18 - 20, 2004 May 21, 2004 18.50
10 August 17 - 20, 2004 August 20, 2004 18.50
11 November 9 - 12, 2004 November 12, 2004 18.50
12 January 17 - 21, 2005 January 24, 2005 18.50
13 March 22 - 24, 2005 March 29, 2005 18.50
14 May 24 - 27, 2005 May 30, 2005 16.50
15 July 20 - 22, 2005 July 25, 2005 16.50
16 September 7 - 9, 2005 September 12, 2005 15.50
17 November 22 - 25, 2005 November 28, 2005 15.50
18 January 25 - 30, 2006 January 30, 2006 14.50
19 March 21 - 24, 2006 March 27, 2006 14.50
20 May 16 - 19, 2006 May 22, 2006 14.50
21 July 25 - 28, 2006 July 31, 2006 14.50
22 October 10 - 13, 2006 October 16, 2006 14.50
23 December 13 -15, 2006 December 18, 2006 12.50
24 March 12 - 16, 2007 March 19, 2007 12.50
25 May 14 - 18, 2007 May 21, 2007 12.50
26 August 21 -24, 2007 August 27, 2007 12.50
27 October 15 - 19, 2007 October 22, 2007 13.50
28 January 21 - 25, 2008 January 28, 2008 13.50
29 March 10 - 14, 2008 March 17, 2008 14.25
30 May 19 - 23, 2008 May 23, 2008 16.00
31 July 14 - 18, 2008 July 21, 2008 17.00
32 October 21 - 24, 2008 October 28, 2008 17.00
33 February 17 - 23, 2009 February 24, 2009 18.50
34 May 6 - 8, 2009 May 12, 2009 18.50
35 July 14 - 17, 2009 July 21, 2009 18.50
36 September 16 - 22, 2009 September 23, 2009 18.50
37 November 16 - 18, 2009 November 20, 2009 18.00
38 February 15 - 17, 2010 February 19, 2010 16.00
39 April 12 - 14, 2010 April 16, 2010 15.00
40 July 12 -16, 2010 July 16, 2010 13.50
41 September 13 -17, 2010 September 17, 2010 13.50
42 December 6 - 10, 2010 December 10, 2010 13.50
43 February 14 - 18, 2011 February 18, 2011 13.50
44 May 9 - 13, 2011 May 13, 2011 13.00
45 July 4 - 6, 2011 July 6, 2011 12.50
46 August 29 - September 1, 2011 September 1, 2011 12.50
47 October 17 - 19, 2011 October 19, 2011 12.50
48 December 19 - 21, 2011 December  21, 2011 12.50
49 February 13 - 15, 2012 February 15, 2012 13.50
50 April 11 - 13, 2012 April 13, 2012 14.50
51 June 11 - 13, 2012 June 13, 2012 15.00
52 September 10 - 12, 2012 September 12, 2012 15.00
53 November 12 - 14, 2012 November 14, 2012 15.00
54 February 11 - 13, 2013 February 13, 2013 15.00
55 May 20 - 22, 2013 May 22, 2013 16.00
56 July 29 - 31, 2013 July 31, 2013 16.00
57 September 16 - 18, 2013 September 18, 2013 16.00
58 November 25 - 27, 2013 November 27, 2013 16.00
 

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