Interest Rate Uk Forecast 2024. Currently the financial markets latest uk interest rate forecast is for uk rates to remain at current levels of 5.25% until august 2024 where markets are predicting the first interest rate cut of around 0.25%, bringing uk interest rates back down to 5%. Markets are expecting interest rates to fall to 5pc by may, 4.75pc in june, 4.5pc in august and 4pc in november.
In 2024, interest rates in the uk are anticipated to start a downward trend from the current level of 5.25%, with financial markets expecting cuts leading to. Current bank rate 5% next due:
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