Interest rates latest market predictions - Summer 2024

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On 20th June 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 2%, down from a high of 11.1%. This means that inflation is now at the target rate of 2%, although the BOE does expect it to increase slightly in the autumn.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
02:34 - Best 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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