What the Latest Interest Rate Changes Mean for You
Interest rate decisions by the Bank of England (BoE) have real-world effects—on mortgage bills, savings accounts, and the broader economy. Let’s unpack the most recent developments and what they mean for your finances.
BoE Holds Rates Steady at 4.25% (June 2025)
At its meeting on June 18, the BoE’s Monetary Policy Committee voted 6–3 to keep the Bank Rate at 4.25% bankofengland.co.uk+3bankofengland.co.uk+3tradingeconomics.com+3. The decision came amid signs of high inflation (CPI at 3.4%) and a cooling jobs market—slow wage growth, fewer payroll jobs, and cautious consumer spending .
Their overall stance is described as “gradual and careful”: avoiding any preset path and waiting for clearer evidence from inflation and employment trends
What This Means for Clear Finance Clients
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Refinancing Opportunities
If you’re renewing your mortgage or considering a new deal, staying ahead of the rate cycle could help you lock in a better rate—especially if cuts begin in August. -
Smart Savings Strategy
Even with a potential dip in rates, there are still attractive savings accounts. We can help you find and compare the best options to suit your goals. -
Forward Planning
Whether you’re first-time buying, remortgaging, or investing in buy-to-let, our advice ensures you’ll be ready—without surprises—if the BoE changes course.
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