ONP Solicitors' comment on interest rates

19 June 2025

Sharon Beedham, Relationship Director at ONP Solicitors commented:

“With inflation flat and geopolitical noise fuelling rate-cut rumours, it’s telling that the Bank chose caution over reaction. That speaks to how fragile the economic balance remains — but it also underlines that the recovery is on firmer ground. In the current climate, a steady hand from the Bank of England offers more value than a rushed rate cut.

“What’s especially encouraging is the spike in first-time buyer activity despite the end of stamp duty incentives. That shows that real demand is still there — not just stimulus-driven. For many, consistency is more empowering than volatility. A held rate, while not headline-grabbing, gives movers a window to act with more certainty and less fear of shifting sands beneath them. And just as importantly it provides the industry with the space to plan, scale, and improve service without being blindsided by policy volatility.”