Interest Rate Cuts 2024 Uk. The bank of england boss has said we are on the way to interest rate cuts after they were left unchanged at 5.25%, their highest for 16 years. The timing and depth of the recessions many investors expect to befall europe and the uk in 2024 will dictate when the first rate cuts arrive, according to chris.

Interest rates cut to 5%. Similarly to the united kingdom, inflation has also proven surprisingly stubborn in the united states and europe, prompting traders to scale back expectations.