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Phoebus Software comments on the MPC decision
05 February 2026
Adam Oldfield, managing director of Phoebus Software, said:
“It was probably too much to hope for another rate reduction so soon, particularly as inflation came in higher-than-expected last month. If inflation comes back under control, then I expect the base rate will come down further this year, but gradually and steadily, so it will be interesting to see which way the MPC votes in March.
“Phoebus is a servicing software provider for mortgages and savings, so while borrowers might be disappointed with this news, we know savers will be relieved that rates haven’t dropped any further.”
