Are Uk Interest Rates Likely To Fall In 2024. The bank of england announces its latest interest rate decision on may 9. Financial markets and traders are still expecting it to cut its base rate in 2024 due to the inflation rate falling sharply since peaking at 11.1% in october 2022, which.

2% what are interest rates? The bank of england has kept interest rates on hold for the third successive time as the uk base rate closes the year at 5.25%.