Phoebus comment on ONS inflation data

18 June 2025

Richard Pike, chief sales and marketing officer, commented:

"The drop in inflation today may reignite some hope of a further interest rate cut by the Bank of England tomorrow, which many expected we wouldn’t see until later in the year.

“While policymakers are likely to remain cautious, particularly with wage growth still elevated, today’s figures offer a welcome sign that inflationary pressures are continuing to ease. For lenders and borrowers, that could translate into greater confidence in the months ahead, especially for those approaching the end of fixed-rate deals or considering entering the market.

“But volatility is still a key feature of the economic landscape and the sector must continue to prioritise resilience. Lenders need the flexibility to adapt quickly to shifts in rates and sentiment, which means having the right systems and processes in place to support brokers, manage risk and deliver a seamless customer experience."