Interest Rates 2024 Prediction Uk Banks

Interest Rates 2024 Prediction Uk Banks. Interest is what you pay for. The federal reserve signaled wednesday it would lower interest rates two more times this year after it slashed its benchmark federal funds rate by 50 basis points.

But acting now would have required. Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing relief to many households and businesses struggling with higher mortgage costs and debt repayments.