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On Wednesday, the OECD said that UK interest rates, which currently stand at 4.75%, are expected to fall back to 3.5% by early 2026. It said that this was partly due to higher than expected inflation.
UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week's Budget. The Bank cut interest rates to 4.75% from 5% in a ...
UK interest rates are on track to drop to 3.75% by the end of 2025, it said. Meanwhile, the UK’s unemployment rate is expected to rise over the period. ... “The OECD’s forecasts show the UK ...
UK interest rates have been held at 4.75% following a divided vote among Bank of England policymakers, as they weighed up concerns over a stagnating economy and persistent inflation.
UK Government borrowing was forecast to fall from 4.5% of GDP in 2023–24 to 3% in 2024–25, followed by 2.7% in 2025–26, 2.3% in 2026–27, 1.6% in 2027–28 and 1.1% in 2028–29. [ 19 ] Addressing the House of Commons , Hunt said his autumn statement would contain 110 growth measures, with the government having "taken difficult decisions ...
How UK interest rates have changed since 2007 ... rate forecast in this report implies that the policy rate will remain at 4.5% to the end of 2024 before being gradually reduced from the first ...
And even when interest rates do start to come down, inflation will only fall in “a slow, gradual manner”, close to the Bank of England’s target of 2 per cent, by 2025, he said.
The Bank of England has held interest rates at 4.75% as it cautioned over “heightened uncertainty in the economy” following the UK Budget and US presidential election.