The operational deposit facility of the Bank of England increased notably in 2022 and 2023, after years of marginal changes in the rate. As of November 2023, the operational lending facility stood at five percent, the highest in the observed period. The operational standing deposit facility consists of an overnight deposit transaction. This currently returns 25 basis points below the bank rate.
Operational deposit facility rate of the Bank of England from January 2014 to December 2023
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Bank of England. (February 20, 2024). Operational deposit facility rate of the Bank of England from January 2014 to December 2023 [Graph]. In Statista. Retrieved February 10, 2025, from https://www.statista.com/statistics/1440296/bank-of-england-operational-lending-facility/?__sso_cookie_checker=failed
Bank of England. "Operational deposit facility rate of the Bank of England from January 2014 to December 2023." Chart. February 20, 2024. Statista. Accessed February 10, 2025. https://www.statista.com/statistics/1440296/bank-of-england-operational-lending-facility/?__sso_cookie_checker=failed
Bank of England. (2024). Operational deposit facility rate of the Bank of England from January 2014 to December 2023. Statista. Statista Inc.. Accessed: February 10, 2025. https://www.statista.com/statistics/1440296/bank-of-england-operational-lending-facility/?__sso_cookie_checker=failed
Bank of England. "Operational Deposit Facility Rate of The Bank of England from January 2014 to December 2023." Statista, Statista Inc., 20 Feb 2024, https://www.statista.com/statistics/1440296/bank-of-england-operational-lending-facility/?__sso_cookie_checker=failed
Bank of England, Operational deposit facility rate of the Bank of England from January 2014 to December 2023 Statista, https://www.statista.com/statistics/1440296/bank-of-england-operational-lending-facility/?__sso_cookie_checker=failed (last visited February 10, 2025)
Operational deposit facility rate of the Bank of England from January 2014 to December 2023 [Graph], Bank of England, February 20, 2024. [Online]. Available: https://www.statista.com/statistics/1440296/bank-of-england-operational-lending-facility/?__sso_cookie_checker=failed