Base rate cuts even further in doubt, spelling disappointment for borrowers
Paul Heywood, chief data & analytics officer at Equifax UK, comments ahead of the Bank of England Monetary Policy Committee (MPC)’s interest rate decision on 30 April 2026: “The previous path to reduce interest rates is now looking even further in doubt after UK inflation rose to 3.3% in March.
“Average monthly repayments for new mortgage lending remain 50% higher than in January 2022 2 and this is now compounded by central bank policymakers under pressure to address inflation and the impact of the ongoing conflict in the Middle East. This could spell disappointment for any borrowers hoping for a base rate cut.
“Equifax continues to support lenders and consumers, providing vital data and insights to help navigate this increasingly complex environment and foster financial resilience.”