Back
Phoebus comment on inflation
21 May 2025
Richard Pike, chief sales and marketing officer at Phoebus, says:
“Today’s inflation data reinforces how persistent price pressures remain in the UK economy, driven largely by a rise in regulated prices like water and utility bills, which came into force last month. With wage costs also high, expectations of an imminent base rate cut are likely to be tempered.
“For the housing and mortgage market, this adds to the sense of uncertainty. A longer wait for rate cuts means continued pressure on affordability, both for prospective buyers and those coming to the end of fixed deals. While lenders have shown a willingness to compete, particularly in the remortgage space, volume recovery may be more gradual.”
