Interest Rates Uk Forecast 2024. Uk interest rates are now forecast to rise above those in the us later this year. Markets are expecting interest rates to fall to 5pc by may, 4.75pc in june, 4.5pc in august and 4pc in november.
Interest rates have remained frozen at 5.25% since august 2023. Markets are betting on another rate cut in september, pricing in a roughly 85 per cent chance of the ecb reducing its benchmark deposit rate by 0.25 percentage.
Mortgage Interest Rates Forecast And Predictions For Tomorrow, Next Week, Month, 2024, 2025 And 2026.
Current bank rate 5.25% next due:
How Fast Are Prices Rising In The Uk?
This statistical release contains average interest rates across deposit or loan accounts with uk banks and building.
Interest Rates Uk Forecast 2024 Images References :
Mortgage Interest Rates Forecast And Predictions For Tomorrow, Next Week, Month, 2024, 2025 And 2026.
Current bank rate 5.25% next due:
Current Inflation Rate 2% Target:
Uk consumer price inflation 2% in 12 months to june;