Interest rates latest market predictions - February 2024

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On 1st February 2024 the Bank of England (BOE) kept the base rate at 5.25%, its highest level in 15 years.

The BOE has raised the base rate 14 times since December 2021 in an attempt to reduce the UK's annual inflation rate, which has now fallen to 4%, down from a high of 11.1%. However, this is still well above the target rate of 2% and the BOE has stated that it will not hesitate to raise interest rates further if inflation proves persistent.

In this video, I reveal the market’s latest predictions on where the Bank of England base rate is likely to be over the next 5 years and then also reveal the latest best mortgage rates available in the UK.

00:00 - Interest rates - Latest market predictions
03:40 - Best Mortgage Deals
04:00 - Best 2-Year Fixed-Rate Mortgage Deals
04:30 - Best 5-Year Fixed-Rate Mortgage Deals
04:50 - Best 10-Year Fixed-Rate Mortgage Deals
04:58 - Best 2-Year Tracker Rate Mortgage Deals
05:12 - Best 5-Year Tracker Rate Mortgage Deals
06:05 - Best First-Time Buyer Mortgage Deals
06:17 - Best Buy-To-Let Mortgage Deals

Use our Mortgage Repayment Calculator to quickly calculate the impact of an interest rate rise on your mortgage payments

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