Interest Rate Cuts 2024 Uk. Interest is what you pay for. The bank of england has cut interest rates from 5.25% to 5%, the first drop since the onset of the pandemic in march 2020.


Interest Rate Cuts 2024 Uk

The bank of england has cut interest rates from 5.25% to 5%, the first drop since the onset of the pandemic in march 2020. The bank rate currently stands at 5.25%, while uk inflation in the 12 months to may 2024 was 2.3%.

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