Interest Rates 2024 Prediction Uk Gov. It's part of the monetary policy action we take to meet the target that the government sets us to keep. 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.
When exactly will it start to cut rates? 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.