Bank of England Expected to Cut Rates At Least Twice In 2024 Amid Slowing Inflation and Growth
• Bank of England poised to cut interest rates at least twice in 2024 as inflation nears 2% target and economic growth stalls
• 41 economists surveyed, 45% predict 3 or more rate cuts in coming year
• Most common forecast is 2 rate cuts
• Current base rate is 5.25%
• Cuts expected as inflation slides and economic growth weakens