Interest Rates 2024 Prediction Uk Inflation. How many bank of england meetings are left this year, how far will interest rates fall, and what will it mean for savers, mortgage rates and house prices? Expectations that interest rates will be cut this year remain despite a surprise uptick in the uk's inflation rate last month.
Announcing the decision to hold rates in september, governor andrew bailey said cooling inflation pressure means the bank should be able to cut interest. Higher interest rates help to slow down price rises (inflation).