Will The Fed Cut Interest Rates In 2024 Uk. A tricky moment for the central bank. The bank of england cut interest rates thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in.
A tricky moment for the central bank. Financial markets and traders are still expecting it to cut its base rate in 2024 due to the inflation rate falling sharply since peaking at 11.1% in october 2022, which was the.