Are Uk Interest Rates Likely To Fall In 2024

Are Uk Interest Rates Likely To Fall In 2024. We cut it to 0.5% during the global financial crisis in 2008 and 2009. The international body upgrades its uk growth forecast and says rates could fall to 4.5% by the end of 2024.

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. Martin beck, chief economic adviser to the ey item club, said the boe might well be.