Interest Rates 2024 Forecast Uk. The bank of england has announced it will keep interest rates on hold at 5% for at least the next two months. Uk interest rates are expected to be cut this year after the bank of england (boe) succeeded in wrestling inflation back to its 2% target level.
Interest rates are now gradually on the path down, the bank of england governor has said after borrowing costs were held at 5%. Current bank rate 5% next due:
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