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When will UK interest rates go down further? In August 2024, the Bank rate fell to 5% after many months at 5.25% - which was the highest level for 16 years. In November, a second cut took rates to ...
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 ...
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.
The policymakers also indicated that interest rates would need to stay higher for longer in order to bring inflation back down to its 2 per cent target. ... UK inflation is expected to drop below ...
UK interest rates have been held at 4.75% after the Bank of England voted to keep borrowing costs unchanged. In an unexpected split, three members of the nine-member rate-setting committee wanted ...
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. The Bank’s ...
As inflation rates have fallen from multidecade highs, the central banks have started cutting interest rates, though few, if any, economists think that rates will fall back to the super-low levels ...
UK interest rates have been cut for the second time this year, as the Bank of England forecast a “gradual” reduction in borrowing costs despite uncertainty following the autumn Budget ...