Key figures of the Bank of England in 2024
At the beginning of 2024, the Bank of England had roughly 927.8 billion British pounds worth of assets on their balance sheet, out of which foreign exchange reserves amounted to approximately 185 billion British pounds. The base rate stood at 5.25 percent, the deposit rate (or operational deposit facility) at five percent, and the lending rate (or operational lending facility) at 5.5 percent. The base rate was set at 5.25 percent in August 2023, the highest rate in the last decade.