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BoE rate decision a week today

ended 31. July 2025

A week today, we get the much anticipated Bank of England rate decision. What are you expecting the Bank of England to do — and why? If you think a cut is likely, what's your advice to savers and borrowers? Views ASAP please as we'll be publishing this story this morning.

3 responses from the Newspage community

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Editor
Riz Malik
Independent Financial Adviser at R3 Wealth
We expect the Bank of England to cut rates by 0.25% on 7 August, with a potential second cut before year end taking the base rate to 3.75%. That would mark a significant drop from the recent peak of 5.25%. Many borrowers are still emerging from ultra-low fixed rates, so the pain is easing compared to those refinancing over the last few years, but far from over. Savers holding a larger proportion of their wealth in cash may see returns continue to fall, so they should act now to stay ahead of inflation.
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Editor
Ranald Mitchell
Director at bad credit mortgage specialists Charwin Mortgages
The Bank of England can’t ignore the squeeze any longer. Inflation is edging up, mortgage pricing remains firm, but businesses are suffocating under rising costs and relentless tax pressure. Holding rates keeps the status quo. Cutting them shows leadership. If the Bank wants to back Britain, it needs to back growth and cut.
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John Woolfitt
Director at Atlantic Capital Markets
I expect the BoE to cut Bank Rate by 25bps to 4.00% , with The IMF and many economists forecasting two cuts in total this year bringing the rate to about 3.75% by year-end. I see a higher probability of a cut based on a couple of key factors, Business activity is weakening,sluggish services, employee cuts, and declining orders, Retail sales are underwhelming and The jobs market is cooling. job vacancies are falling, unemployment is rising. For borrowers a 25bps cut means slightly lower monthly payments especially once fixed deals expire and If you’re coming off a fixed-rate mortgage soon, or on tracker/variable, consider refinancing. If you're a saver the cut will likely pull down savings and cash rates over the next few weeks/months. Consider locking in a fixed-rate savings deal now (e.g. fixed-term ISAs or accounts), especially if you’re on a short-term floating rate.