Afternoon Rate Update

Hello again! Here’s your afternoon update on the latest PWLB rates and market movements.

Headline

PWLB Rates Take a Slight Turn: A Gentle Nudge Upwards

Notice Details

PWLB Interest Rate Notice Number 078/26, published at 12:30 on 25 February 2026.

Maturity Rates

• 1y: 4.50% (+1bps)
• 3y: 4.61% (0bps)
• 5y: 4.82% (0bps)
• 10y: 5.40% (0bps)
• 25y: 6.06% (+1bps)
• 50y: 5.87% (+1bps)

Overall, the rates have seen a slight upward movement, particularly in the 1-year and 25-year tenors, which have increased by 1 basis point each. The rest of the maturities have held steady.

Afternoon Context

Since this morning, there have been no significant economic data releases to report. The market remains relatively calm, with no notable movements in gilt yields. In the news, the macroeconomic environment continues to be discussed, particularly regarding the impact of geopolitical tensions on energy prices. Investors are keeping a close eye on upcoming earnings reports, which may influence market sentiment in the coming days.

Calendar Events

THIS WEEK AHEAD:

• Friday: GBP Car Production YoY - Forecast: 0.05
• Friday: GBP Gfk Consumer Confidence - Forecast: -16
• Friday: GBP Nationwide Housing Prices YoY - Forecast: 1.8%
• Friday: GBP Nationwide Housing Prices MoM - Forecast: 0.3%
• Monday 09:30: GBP Mortgage Lending - Forecast: 4.20B
• Monday 09:30: GBP S&P Global Manufacturing PMI Final - Forecast: 52
• Monday 09:30: GBP Net Lending to Individuals MoM - Forecast: 3.80B
• Monday 09:30: GBP M4 Money Supply MoM - Forecast: -0.00
• Monday 09:30: GBP BoE Consumer Credit - Forecast: 1.20B
• Monday 09:30: GBP Mortgage Approvals - Forecast: 65.50k

This commentary is provided for informational purposes only and should not be construed as financial advice. Market conditions can change rapidly, and you should always verify current rates directly with the PWLB or through official channels before making borrowing decisions. Past performance is not indicative of future results.

Until next time, may your rates be low and your calculations precise!