Interest Rates 2024 Prediction Uk Inflation. When will we get back to low inflation? 'bank right to raise interest rates' the uk's latest inflation data for august will be released on wednesday and is predicted to rise from 6.8% to 7%, after falling.
The bank of england is widely predicted to cut rates sooner after data released at the end of 2023 showed slowing pay growth and a larger fall in inflation. The latest forecasts are for uk interest rates to start to go down from august 2024, where financial markets are pricing in around 2 cuts to the uk interest rate from 5.25% at the.
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