Interest Rate Cut 2024 Uk. Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing. Expectations that interest rates will be cut this year remain despite a surprise uptick in the uk's inflation rate last month.
The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the borrowing squeeze is coming to. Jeremy hunt has raised the prospect of the bank of england reducing interest rates in 2024, saying a cut.