United Kingdom - Treasury Bills (over 31 days)





United Kingdom: Treasury Bills (over 31 days)

Mnemonic IRGT.IGBR
Unit %
Monthly
Data Jun 2018 0.5
May 2018 0.5

Series Information

Source Bank of England
Release Wholesale interest and discount rates
Frequency Monthly
Start Date 1/31/1996
End Date 6/30/2018

United Kingdom: Markets

Reference Last Previous Units Frequency
Lending Rate 28 Mar 2024 5.25 5.25 %, NSA Business Daily
Monetary Policy Rate 28 Mar 2024 5.25 5.25 %, NSA Business Daily
Average Long-term Government Bond Feb 2024 0.66 0.52 % Monthly
Money Market Rate 31 Dec 2021 0.18 0.19 % p.a., NSA Business Daily
Treasury Bills (over 31 days) Jun 2018 0.5 0.5 % Monthly

Release Information

The Bank of England (BoE) reports wholesale interest rates: the Official Bank Rate, Repo rate, Sterling mean interbank (midpoint), Euro-currency offered rate, Gilt repo (general collateral) rates, EURIBOR, Overseas currency deposit rates (3 months), Sterling certificate of deposit rates (3 months), and Discount rate.

  • Measurement: Percent per annum (% p.a.)
  • Adustment: Not seasonally adjusted (NSA)
  • Compactions:
    • Average over month
    • End of month
  • Native frequencies:
    • Monthly
    • Daily
  • Start date: As early as 1975m1

Bank rate

It is the rate at which the Bank of England, acting as lender of last resort, would normally lend to members of the discount market against security (e.g. Treasury Bills and eligible bills).

Gilt repo market

Gilt repo transactions are sale and repurchase agreements in British government stock, conducted in accordance with legal documentation. A repo transaction may be stock or money-driven; a stock may be reverse-repoed (bought with an agreement to re-sell it) to cover a short position, e.g. cash may be borrowed against a repo of a mixture of gilts as "collateral" for the loan. The latter, a general collateral (GC) transaction, is a money-driven trade, and so GC repo is a market in secured money. The rates quoted in the table are indicative secondary market mid-rates of bid and offer GC rates collected at 8.30am.

Euro-currency

A deposit in an institution of the same home as the currency but held outside the country of origin. The 3 month Euro-dollar and Ecu/Euro are market rates for deposits in the London euro-currency market.

EUROBIR

EURIBOR is the European Interbank Offered Rate for money market deposits. Since 4 January 1999, the European Banking Federation and the EMU division of ACI, the Financial Markets Association, have sponsored the calculation of Euribor (with reference to a panel of 57 banks). Euribor is the rate at which euro interbank term deposits are being offered within the EMU zone by one prime bank to another at 11:00am Brussels time.

Eurodollar deposits in London

These are middle-market rates for US dollar deposits as recorded by the Bank of England during the late afternoon. Figures shown here up to and including 1979 3rd quarter are averages of Friday observations. Thereafter, they are based on daily observations.

Euro-sterling deposits

Euro-currency is defined as a deposit placed in an institution of the same domicile as the currency but held outside the country of origin. Paris is the main centre of the Euro-Sterling market. The rate given is the middle-market rate as recorded by the Bank of England during the late afternoon. Figures shown here up to and including 1979 3rd quarter are averages of Friday observations. Thereafter, they are based on daily observations.

The BOE Database information made available via Moody's Analytics is the copyright of the Governor and Company of the Bank, unless otherwise stated. Reproduction of data in the Database is subject to the terms of the UK Open Government Licence, allowing and encouraging free and flexible data reuse.

In relation to SONIA data only:

SONIA and/or SONIA Compounded Index data licensed under the Open Government Licence v3.0 and copyright the Governor and Company of the Bank of England. The trade marks “Bank of England” and “SONIA” are registered trade marks of the Bank of England.