Interest Rate Cuts 2024 Uk. Interest rates converge on a rate similar to the expected inflation rate and lower than nominal gdp, due to stronger public finances and lower potential growth rates. Such a move could see the bank of england cut its key.
The latest forecasts are for uk interest rates to start to go down from august 2024, where financial markets are pricing in around 2 cuts to the uk interest rate from 5.25% at the. The bank of england has opened the door to cutting interest rates in august in what would be the first drop in borrowing costs for more than four years.