Interest Rates 2024 Uk. Interest rate in the united kingdom averaged 7.08 percent from 1971 until 2024, reaching an all time high of 17.00 percent in november of 1979 and a record low of 0.10 percent. The mpc will announce its next decision on interest rates on thursday 19 september 2024.
This statistical release contains average interest rates across deposit or loan accounts with uk banks and building. The latest forecasts are for uk interest rates to start to go down from august 2024, where financial markets are pricing in around 2 cuts to the uk interest rate from 5.25% at the.