Fed Interest Rates 2024 Predictions Uk . Our monetary policy committee (mpc) sets bank rate. Leading central banks are expected to begin cutting interest rates over the coming year as falling inflation fuels predictions among investors and economists that prices are under control.
It’s part of the monetary policy action we take to meet the target that the government sets us to keep. Interest rates converge on a rate similar to the expected inflation rate and lower than nominal gdp, due to stronger public finances and lower potential growth rates.
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