Interest Rate Cuts 2024 Uk

Interest Rate Cuts 2024 Uk. Investors have rushed further ahead and are betting that the boe will start cutting bank rate as early as may, with three more cuts over 2024 taking it to 4.25%. Interest is what you pay for borrowing money, and what banks pay you for saving money with them.


Interest Rate Cuts 2024 Uk

The bank of england has opened the door to cutting interest rates in august in what would be the first drop in borrowing costs for more than four years. It also recommended further cuts in 2025, taking the rate as low as 3.5%.

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