Projected Interest Rates 2024 Uk. Last updated 31 july 2024. Borrowers should remain prepared for higher rates as the base rate is expected to stand at four per cent in 2028.
The bank of england decided to act, putting up interest rates 11 times in a row between december 2021 and august 2023 to their current level of 5.25pc. This statistical release contains average interest rates across deposit or loan accounts with uk banks and building societies, calculated using data on rates and.