Interest Rate Cuts 2024 Uk 2024. The bank of england boss has said we are on the way to interest rate cuts after they were left unchanged at 5.25%, their highest for 16 years. The big question of 2024 for the bank is:
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 was the highest. Here we explore when rates could be cut.
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