Should Uk Interest Rates Fall To 35% By 2025. Millions of mortgage borrowers will be hoping for an interest rate cut, with the current base rate of 5.25% at the highest level for 16 years. The payments will go out automatically this month and should arrive by direct deposit or check by late january 2025.
The bank of england raises and lowers interest rates in an attempt to keep inflation close to its 2% target. The latest obr forecast sees interest rates falling to 3.5% from 2027 onwards.