Interest Rates 2024 Prediction Uk. Expectations that interest rates will be cut this year remain despite a surprise uptick in the uk's inflation rate last month. Uk interest rates are expected to be cut at least once this year.
Current bank rate 5% next due: There’s been a dramatic change to the latest forecasts, with uk interest rates now predicted to fall from 5.25% to around 4.75% by the end of 2024 with the first rate cut forecast in august or september, though the timing of this will be data dependent.
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