Next Interest Rate Decision Uk 2024

Next Interest Rate Decision Uk 2024. The bank rate currently stands at 5.25%, while uk inflation in the 12 months to may 2024 was 2.3%. When is the next interest rates decision?

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 coming to. The bank of england is expected to hold rates at 5.25% at may’s meeting, according to factset consensus, but the publication of the monetary policy report will.