Uk Interest Rates Prediction Forecast 2024. The bank of england this week is likely to resist signaling imminent interest rate cuts despite the arrival of new data that is expected to show inflation sinking to a 2 1/2 year low. How fast are prices rising in the uk?

The nationwide uk index topped out at 2.3% in january before falling as mortgage rates began to climb. According to the latest forecasts by financial analysts, uk interest rates are expected to stay around the current level of 5.25% until summer 2024.