Interest Erest Rates 2024 Uk. The bank of england has kept interest rates on hold at 4.75% in the final monetary policy committee meeting of 2024. As a result, monitoring changes in the bank of england interest rate is crucial for investors, policymakers, and anyone interested in understanding the state of the uk economy.
This statistical release contains average interest rates across deposit or loan accounts with uk banks and building societies, calculated using data on rates and balances. Savings rates will fall further in 2025 if the bank of england cuts interest rates as expected, experts have warned.