Base Rate comment from Afin Bank

20 March 2025

Following today's Base Rate announcement by the Bank of England, Alan Davison, Chief Commercial Officer of Afin Bank, commented:

“The Bank of England has a difficult balancing act at the moment because inflation remains high, yet economic growth has stagnated. The markets all seem to feel that more Base Rate cuts are due later in the year, but the Bank’s Monetary Policy Committee clearly wants to wait for tax rises to land and global trading conditions to calm down before acting.

“For new borrowers this isn’t great news as most are already going to have to deal with the impact of higher stamp duty thresholds from the start of April, so they would have benefitted from lower mortgage costs. They will be hoping for better news from May’s announcement.”

For more information about Afin Bank visit www.afinbank.com and follow it on @AfinBankUK on X and Instagram.