Uk Interest Rates Prediction Forecast 2024. The bank of england increased uk interest rates as it tried to get surging inflation down to the government’s target of 2%. Ing and 30 rates forecast interest rates at 5.25%.

Here we explore when rates could be cut again. The bank of england governor has said interest rates are “now gradually on the way down” after holding borrowing costs at 5% in september 2024.