“Today’s decision provides stability at a time when confidence is much needed…” UTB’s Adam Bovingdon Comments on The MPC’s Decision to Hold Bank Rate
18 June 2026
Adam Bovingdon, Managing Director – Real Estate Finance – United Trust Bank comments:
“As expected, the Bank of England held Bank Rate at 3.75% today. The decision comes on the back of encouraging economic data this week, with inflation holding at 2.8%, below expectations of 3.0%, and unemployment edging down to 4.9%, suggesting the economy remains relatively resilient despite global uncertainty.
“For housebuilders, developers and property investors, today’s decision provides stability at a time when confidence is much needed. While challenges around viability, affordability and planning remain, easing inflation helps support expectations that interest rates will gradually reduce over time, providing an improved backdrop for development and investment activity.”
