Interest Rates 2024 Prediction Uk Time. The bank of england this week is likely to resist signaling imminent interest rate cuts despite the arrival of new data that is expected to show inflation sinking to a 2. Will the base rate go down this summer?
Markets are expecting interest rates to fall to 5pc by may, 4.75pc in june, 4.5pc in august and 4pc in november. Our uk interest rates forecast for 2024 and beyond looks at the factors influencing boe’s decision and how aggressive it will be in making cuts.