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Will uk interest rates go down

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Will uk interest rates go down
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The future of UK interest rates is subject to various economic factors and the decisions made by the Bank of England. As of the latest data:

- The Bank of England has kept the base interest rate at 5.25% in its recent meetings¹.
- The Bank of England governor, Andrew Bailey, has stated that they will keep interest rates high enough for long enough to ensure that inflation falls back to the 2% target¹.
- However, money markets are forecasting that the Bank will reduce interest rates by a whole percentage point to 4.25% by the end of 2024¹.
- Investors currently forecast a decline in UK interest rates to approximately 4.0% by December 2024³.

Please note that these are forecasts and actual rates may vary based on economic conditions and policy decisions by the Bank of England. For the most accurate and up-to-date information, please follow local news sources.

Source:
(1) When will interest rates go down in the UK? - Times Money Mentor. https://www.thetimes.co.uk/money-mentor/mortgage-property/when-will-interest-rates-go-down-uk.
(2) United Kingdom Interest Rate - TRADING ECONOMICS. https://tradingeconomics.com/united-kingdom/interest-rate.
(3) Projected UK Interest Rates in 5 Years - Capital.com. https://capital.com/projected-interest-rates-in-5-years-in-the-uk.
(4) Markets predict 6% UK interest rate by end of year. https://www.theguardian.com/business/2023/jun/22/markets-predict-uk-interest-rate-bank-of-england.
(5) Bank of England says interest rates will remain high for at least two .... https://www.theguardian.com/business/2023/aug/03/bank-of-england-raises-uk-interest-rate-to-fresh-15-year-high.
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