Interest rate spread (lending rate minus deposit rate, %) in United Kingdom
United Kingdom: Interest rate spread (lending rate minus deposit rate, %) was 2.7% in 1998. ◆ Volatile
Interest rate spread in United Kingdom, 1967–1998
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
United Kingdom recorded 2.7% for interest rate spread in 1998.
The figure is down 6.2% on the previous year and up 77.4% over ten years.
Over the whole period, interest rate spread in United Kingdom peaked at 4.0% in 1977 and was at its lowest, -1.4%, in 1983.
That places United Kingdom 109th out of 141 countries with data for 1998, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest rate spread (lending rate minus deposit rate, %) in United Kingdom, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1967 | 1.3% | — |
| 1968 | 0.7% | -45.2% |
| 1969 | 0.7% | +0.0% |
| 1970 | 2.0% | +188.2% |
| 1971 | 3.7% | +79.6% |
| 1972 | 3.4% | -8.5% |
| 1973 | -0.0% | -100.6% |
| 1974 | -0.5% | +2300.0% |
| 1975 | 3.4% | -776.9% |
| 1976 | 3.6% | +5.2% |
| 1977 | 4.0% | +12.8% |
| 1978 | 3.0% | -25.1% |
| 1979 | 2.0% | -34.0% |
| 1980 | 2.2% | +10.1% |
| 1981 | 2.6% | +18.3% |
| 1982 | -0.5% | -119.0% |
| 1983 | -1.4% | +178.6% |
| 1984 | 2.4% | -276.2% |
| 1985 | 0.5% | -80.9% |
| 1986 | 1.0% | +128.0% |
| 1987 | 1.2% | +11.1% |
| 1988 | 1.5% | +32.9% |
| 1989 | 2.3% | +50.8% |
| 1990 | 2.2% | -4.8% |
| 1991 | 1.4% | -36.4% |
| 1992 | 2.1% | +48.5% |
| 1993 | 2.0% | -2.8% |
| 1994 | 1.8% | -11.6% |
| 1995 | 2.6% | +43.1% |
| 1996 | 2.9% | +12.7% |
| 1997 | 2.9% | +0.6% |
| 1998 | 2.7% | -6.2% |
United Kingdom compared with similar countries
- United Kingdom's 2.7% is below the median for high income countries, which is 3.1%, 90% of the median. (38 countries reporting)
- United Kingdom's 2.7% is below the median for Europe & Central Asia, which is 4.0%, 69% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread (lending rate minus deposit rate, %) in United Kingdom changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | -2300.0% | -0.0% | -0.5% |
| 1975 | +776.9% | -0.5% | 3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.9% | 0.7% | 1.3% | 3 |
| 1970s | 2.4% | -0.5% | 4.0% | 10 |
| 1980s | 1.2% | -1.4% | 2.6% | 10 |
| 1990s | 2.3% | 1.4% | 2.9% | 9 |
Countries ranked near United Kingdom
- 106 Fiji 2.9% compare
- 107 China 2.9% compare
- 108 Uruguay 2.8% compare
- 110 Switzerland 2.7%
- 111 North Macedonia 2.7%
- 112 Norway 2.7%
More financial sector data for United Kingdom
- Reserve position in the IMF, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 104.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.29 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 76.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 104.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.29 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in United Kingdom?
- Interest rate spread in United Kingdom was 2.7% in 1998, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in United Kingdom?
- The highest recorded value was 4.0% in 1977.
- What is the lowest interest rate spread recorded in United Kingdom?
- The lowest recorded value was -1.4% in 1983.
- How does United Kingdom rank for interest rate spread?
- United Kingdom ranks 109th out of 141 countries with data for 1998.
- Is interest rate spread rising or falling in United Kingdom?
- Over the last ten years it is up 77.4%. The long-run trend across the full record is volatile.
- Where does this United Kingdom data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.