Bank of England interest rate decision - OSB Group comments

19 March 2026

Adrian Moloney, Group Lending Distribution Director, OSB Group, comments on today’s Bank of England interest rate decision:

“While some borrowers may have been hoping for the first rate cut of the year, a decision to hold reflects ongoing uncertainty in the inflation outlook, particularly given recent geopolitical tensions and pressure on energy prices, and provides a degree of stability that has been largely absent over the past couple of years.

“With affordability still stretched for many households, greater clarity on the outlook for interest rates will be just as important as when and how quickly any future reductions may come. Mortgage pricing continues to respond quickly to wider market volatility, meaning borrowers and lenders alike are still navigating a changing rate environment

“That means more borrowers may begin to revisit plans that were put on hold, particularly home buyers and movers who have been waiting for a more stable rate environment before committing.”