Are Interest Rates Going To Go Down In 2025 Uk. On 6th february 2025, the bank of england (boe) cut the base rate from 4.75% to 4.5%. The chart below shows the implied level of interest rates from the 16 january 2025, 18 december 2024 and 18 november 2024.
When can we expect further cuts. The bank of england has held interest rates at 4.75% meaning borrowers must now wait until 2025 before they have any chance of seeing reductions to their mortgage.
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