Interest Rate Cut 2024 Uk. London — the bank of england on thursday said it would hold interest rates steady following its initial cut in august, even after the u.s. Following the bank's latest comments, financial markets now expect rates to be cut to 5% by august and then trimmed to 4.75% in november or december.

Bank of england on track for one more cut in 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 to a 2.