2024 Interest Rates Forecast Uk. What will happen to the bank rate in 2024? Will interest rates continue to fall?

While it’s not possible to make accurate uk mortgage rate predictions for the next 5 years, the office for budget responsibility has forecast that mortgage rates on average are expected to rise from a low of 2% in 2021 to a peak of 5% in 2027 across all properties. Uk interest rates are expected to be cut this year after the bank of england (boe) succeeded in wrestling inflation back to its 2% target level.