Interest Rate Cuts 2024 Uk. This statistical release contains average interest rates across deposit or loan accounts with uk banks and building societies, calculated using data on rates and. Traders fear a potential tightening of the uk jobs market will slow down the pace of interest rate cuts by the boe, with the bank of america (bofa) expecting only.

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. Uk interest rates should be cut to 3.5% by the end of next year, the international monetary fund (imf) has recommended.