Base Rate Comment from Afin Bank

19 June 2025

Following today's Base Rate announcement by the Bank of England, Alan Davison, Chief Commercial Officer of Afin Bank, commented:

“It’ll be interesting to read the minutes from today’s MPC meeting, because while a Base Rate hold was widely expected, there are a lot of factors that would suggest a cut is needed, so it’ll be fascinating to see what kind of split there was between members.

“At home inflation remains stubbornly high, while internationally the risk of war in the Middle East is adding to global pressures already stoked by the war in Ukraine and US tariffs, damaging confidence.

“Significantly, economists and commentators are also split on how quickly and how deeply the Bank of England will cut the Base Rate, with some predicting another three cuts by the end of the year.”

For more information about Afin Bank visit www.afinbank.com and follow it on @AfinBankUK on X and Instagram.