Inflation 2024 Forecast Uk. 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. According to the bank of england's latest forecasts from may 2024, inflation is expected to fall to the 2% target, go below that, before rising again to 2.5%.

‘bank right to raise interest rates’ the uk’s latest inflation data for august will be released on wednesday and is. According to the bank of england’s latest forecasts from may 2024, inflation is expected to fall to the 2% target, go below that, before rising again to 2.5%.