How Many Interest Rate Cuts In 2024 Uk. The timing and depth of the recessions many investors expect to befall europe and the uk in 2024 will dictate when the first rate cuts arrive, according to chris teschmacher, a fund manager. Financial markets and traders are still expecting it to cut its base rate in 2024 due to the inflation rate falling sharply since peaking at 11.1% in october 2022, which was the highest rate.

Commuters cycles past the bank of england (boe), left, in the city of london, uk, on monday, sept. The big question of 2024 for the bank is: