Barclays Rate Sheet 2024

Barclays Rate Sheet 2024. The bank of england’s monetary policy committee (mpc) announced its first interest rate cut in more than four years, taking rates from 5.25% to 5.0%. An interest rate cut in the us, and growing confidence in the uk that inflation has been tamed, lay the path to more cuts before the end of the year.

Instead of early rate cuts, as priced in back in march (150 basis points (bp) to 4% by end of december 2024), the fed called for policy rates to stay “higher for longer”. Find out what the recent rise in the base rate means for you, whether you have savings, a mortgage or a credit card with us.