Rate Cuts 2024 Uk. The bank of england cut interest rates thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in. The reading, which came in below expectations,.

We expect the boe to make two cuts by the end of 2024 as the headline rate of inflation hovers around the two per cent target. Bank of england cuts interest rates to 4.75%, in second reduction this year.