Interest Rates In 2024 Uk 2024. The applicable rpi rate is 13.5% for the period 1 september 2023 to 31 august 2024. 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.
The bank of england will next meet on 19th september 2024 to decide what level interest rates should be set at. The bank started raising rates in december 2021 and has kept interest rates at 5.25% since last summer in an attempt to slow the pace at.
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