Will Interest Rates Go Up Or Down In 2025 Uk. 2025 is likely to be different. When can we expect further cuts.

There are indications that mortgage rates in the uk may start to decline in 2025 as the bank of england continues to reduce interest rates. Base interest rate cuts and the prospect of lower rates in the future have forced banks to reduce their rates from the highs of 6% in 2023 down to below 5%.