Current Uk Interest Rate 2024. Financial markets and traders are still expecting it to cut its base rate in 2024 due to the inflation rate falling sharply since peaking at 11.1% in october 2022, which. The uk dipped into a brief and shallow recession at the end of 2023, but quickly emerged.
The bank of england holds interest rates at 5.25% for the fifth time in a row. 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.