Interest Rates 2024 Prediction Uk Inflation. We need to make sure inflation stays low. Inflation returned to the bank of england's 2 per cent target in may and june 2024, but then rose to 2.2 per cent in july, where it remained in august.

Uk interest rates have risen 14 times. This statistical release contains average interest rates across deposit or loan accounts with uk banks and building societies, calculated using data on rates and.