Interest Rate Cuts 2024 Uk Gov. The bank of england held the base interest rate at 5.25%. The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the borrowing squeeze is coming to an end.

London (ap) — the bank of england kept its main interest rate unchanged at 5% thursday despite a big cut from. The federal reserve is poised to lower interest rates for the first time in years.