Interest Rate 2024 Uk Inflation. Inflation in the uk flatlined at the bank of england’s target of 2.0% in the 12 months to june 2024, strengthening hopes that the bank will reduce the bank rate from. The ft global inflation and interest rates tracker provides a regularly updated visual narrative of consumer price inflation and central bank policy rates around.

Headline consumer price inflation will stand at 7.7 per cent this year in the uk before dropping sharply to 3.7 per cent in 2024, according to the imf’s latest world. The bank of england this week is likely to resist signaling imminent interest rate cuts despite the arrival of new data that is expected to show inflation sinking to a 2.