Rate Cuts 2024 Uk 2022. 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. The bank of england will meet this week to set uk interest rates, and markets are confident that the base rate will be cut from 5% to 4.75%.
3) monetary policy is having smaller, slower economic impacts (in large part, as. The bank of england’s monetary policy committee meets eight times a year to set the base rate.