Interest Rates 2024 Forecast. The bank of england has kept interest rates at 5.25% for 10 months. The reserve bank of india kept its benchmark policy repo at 6.5% for the eighth consecutive meeting in june 2024, as widely expected amid persistent price pressures.
Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. The rba will look at a range of data when determining whether to raise, lower or hold the cash rate steady.