Afin Bank Base Rate comment

18 September 2025

Following today's base rate announcement by the Bank of England, Charles Resnick, Chief Finance Officer at Afin Bank, commented:

“After last month’s history making re-vote, today’s meeting was always expected to be less dramatic, so no change in the base rate is no surprise. However, there was a lot for the MPC to chew over today, not least a 3.8% rate of inflation that is still above the Bank’s target of 2%.

“The market is pricing in one more rate increase before the end of the year, expected to be in November. At that point the MPC will also have to factor in how the Budget, as well as possible tax rises, will impact the economy’s near-term growth prospects.

“For now, borrowers can expect to see their mortgage interest rates remain at current levels, while savers might consider taking advantage of some of the higher longer-term fixed rates on offer to make the most of their money before the base rate drops again.”

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