Interest Rates 2024 Prediction Uk Bank. This statistical release contains average interest rates across deposit or loan accounts with uk banks and building societies, calculated using data on rates and balances. This statistical release contains average interest rates across deposit or loan accounts with uk banks and building societies, calculated using data on rates and.
The bank of england cut the base rate to 5% at its august meeting. 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.
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