Interest Rates Uk Forecast 2024. Such a move could see the bank of england cut its key rate by up to seven. This statistical release contains average interest rates across deposit or loan accounts with uk banks and building societies, calculated using data on rates and balances.

Below i explain what you should be doing now before going on to explain what will ultimately determine when interest rates will go down and how far they might fall. 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 to a 2 1/2 year low.