Morning Rate Update

Headline

PWLB Rates Take a Gentle Stroll: Just a Few Bumps on the Road

Notice Details

PWLB Interest Rate Notice Number 077/26, AM reset, published at 09:09 on 25 February 2026.

Maturity Rates

• 1y: 4.49% (+2bps)
• 3y: 4.61% (+2bps)
• 5y: 4.82% (+3bps)
• 10y: 5.40% (+3bps)
• 25y: 6.05% (+2bps)
• 50y: 5.86% (+2bps)

Rates have nudged upwards across the board, with the 5-year and 10-year rates seeing a modest increase of 3 basis points. Nothing too dramatic, but a reminder that the market is still alive and kicking!

Market Context

The yield curve remains relatively stable, with slight upward shifts indicating a cautious optimism in the market. Today, there are no significant GBP economic releases reported so far, but the anticipation of upcoming data is palpable. In the news, the macroeconomic environment appears bullish, with analysts discussing positive themes around growth and investment, particularly in the technology sector. However, the ongoing geopolitical tensions and their potential impact on energy prices continue to loom large, which could influence future rate movements. Overall, while the PWLB rates have seen slight increases, the market remains vigilant, awaiting further economic indicators.

Calendar Events

TODAY’S RELEASES:

• No significant economic releases scheduled.

REMAINING TODAY:

• No significant economic releases scheduled.

THIS WEEK AHEAD:

• Friday 09:30: GBP Car Production YoY - Forecast: 0.05
• Friday 09:30: GBP Gfk Consumer Confidence - Forecast: -16
• Friday 09:30: GBP Nationwide Housing Prices YoY - Forecast: 1.8%
• Friday 09:30: 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, keep your treasury hats on and your calculators handy!