Bank of England base rate announcement - Martin Sims, Molo Finance

30 April 2026

Martin Sims, Distribution Director at Molo Finance, commented:

“The decision to hold rates feels in line with what most in the market were expecting. Recent inflation data has moved higher again, but not in a way that gives the Bank a clear direction, and with wider economic pressures still in play, a steady approach certainly makes sense.

“For brokers and landlords, the bigger point is that uncertainty remains. We have seen a lot of movement in pricing across the market in recent months, and that can make it difficult to plan with any real certainty, particularly during what is already a busy refinancing cycle. Even without a rate move, there is still plenty for borrowers to think through.

“In this environment, flexibility is important. Tracker products are starting to play a bigger role for some borrowers who are not quite ready to commit to fixed rates, and having those routes available is key while the market continues to settle. It’s about giving brokers a range of solutions rather than a single answer.”