Will Interest Rates Go Down In 2025 Uk Gov. Everyone is asking when uk interest rates will finally go down, after such a steep and fast rise to the current rate of 5.25%. “we think the bank of england will cut.

The bank of england has held interest rates at 4.75% meaning borrowers must now wait until 2025 before they have any chance of seeing reductions to their mortgage. Bank rate was almost zero (0.1%) at the beginning of december.