Interest Rate 2024 Forecast Uk

Interest Rate 2024 Forecast Uk. Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing relief to many households and businesses struggling with higher mortgage costs and debt repayments. The big question of 2024 for the bank is:


Interest Rate 2024 Forecast Uk

By the end of 2024 the base rate is predicted to fall to nearly 4.60% before slowly falling to around 3.23% in. Interest is what you pay for borrowing money, and what banks pay you for saving money with them.

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