Interest Rate Cuts 2024 Uk. 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 was the. Key manufacturing industries set to be affected by rate cuts:

So as many had expected, the bank of england has announced that it has cut interest rates for the second time this year. Economists at goldman sachs forecast the bank of england’s key rate falling to 2.75% by november, well below market pricing.