Interest Rates 2024 Forecast Bse. Projected interest rates in 5 years in the uk. In terms of the uk interest rate forecast for the next 5 years, the boe itself gave forecasts as far as 2026 in its may report.

Higher interest rates have meant higher borrowing costs for consumers and businesses. The bank of england has opened the door to cutting interest rates in august in what would be the first drop in borrowing costs for more than four years.