'New chapter' for interest rates from end of the year as days of 4% numbered

'New chapter' for interest rates as 4% era nears its end

The Bank of England has decided to keep its base rate steady at 4%, though economists expect a reduction in the coming months. The financial community is watching closely for signs of how this move will affect both savers and borrowers.

Economics editor Ed Conway is reporting live from the Bank, providing the latest analysis and reactions as the decision unfolds. Updates also include key developments in personal finance and consumer affairs across the UK.

Expert insights on rate outlook

Harriet Guevara, chief savings officer at Nottingham Building Society, comments on the decision:

“The end of the year could mark the start of a new chapter for interest rates, and for millions of savers and borrowers.”

While the rate remains unchanged today, Guevara notes that many analysts anticipate a cut in December. She emphasizes that adjustments in the base rate can influence returns over time, advising individuals to act strategically with their savings.

Guidance for savers

“Base rate reductions tend to feed through into lower returns over time, so this is an important moment to lock in value where you can.”

According to Guevara, fixed-rate options such as Cash ISAs remain appealing while rates hold firm. Acting early could help secure better long-term returns before further cuts take place.

Watch ISA consultations closely

Guevara also points to ongoing government consultations on ISA regulations, noting that potential reforms might change how much of an allowance can be held in cash.

Author’s summary: The Bank of England kept rates at 4%, but experts anticipate cuts soon; savers are urged to secure strong returns before new policies reshape the financial landscape.

Sky News — 2025-11-06

'New chapter' for interest rates as 4% era nears its end

Expert insights on rate outlook

Guidance for savers

Watch ISA consultations closely

More News