2024 Interest Rates Uk Government. The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the borrowing squeeze is coming to an end. Interest is what you pay for borrowing money, and what banks pay you for saving money with them.
The decision comes as inflation, which measures. The bank of england held interest rates at 5.25% for the seventh time at its june meeting, keeping them at their highest level for 16 years.
2024 Interest Rates Uk Government Images References :