Interest Rate Cuts 2024 Uk. Jeremy hunt has raised the prospect of the bank of england reducing interest rates in 2024, saying a cut would be a crucial moment in shifting the economic mood in what is expected to be an. European central bank says rate cuts would be appropriate if inflation keeps falling, as boe policymaker megan greene argues uk rate cuts are a way off

The bank of england this week is likely to resist signaling imminent interest rate cuts despite the arrival of new data that is expected to show inflation sinking to a 2 1/2 year low. Most economists also see the risk of a rate hike, although only about 30% have that as a base case scenario.