Interest Rate 2024 Forecast Uk. The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the borrowing squeeze is.  — breaking news and updates from the bank of england on the uk's interest rate.

Such a move could see the bank.  — according to the monetary policy report published by the bank of england in november 2023, the interest rates were projected to fluctuate around 5.5% to 5.75%.