Interest rates in the UK currently stand at 4.25% – the highest rate in 14 years – up from 0.1% in December 2021
However, he said the Bank was currently “pretty confident” that inflation will “fall sharply” from early this summer.
The IMF’s latest modelling shows the UK’s natural rate of interest could fall to about 0.3 per cent by 2050.: “We think the base rate is more likely to fall in 2024 than rise. However, some experts doubt whether interest rates will necessarily fall as quickly as the IMF expects.
Belgique Dernières Nouvelles, Belgique Actualités
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