Bank of England (BoE)
Councils are discussing the Bank of England's interest rate outlook and its impact on their treasury management and financial stability.
Kingston Council's treasury advisors, MUFG, anticipate a decrease in short, medium, and long-dated interest rates over the next one to two years, according to a forecast updated in August 2025. This outlook was presented in the Treasury Management 2025-26 Mid Year Report, discussed by the Audit, Governance and Standards Committee in November 2025, noting potential upside risks from inflation and a tight labour market.
Meanwhile, Havering Council's Audit Committee reviewed its Treasury Management Annual Review Report in July 2025. The report highlighted that the council's debt portfolio remained fixed at an average interest rate of 3.70% during 2024/25, despite fluctuations in the Bank of England's base rate. Additionally, the council exceeded its investment benchmark for 2024/25, achieving a 5.26% yield against 3-month SONIA at 4.82%.
Key facts
- Kingston Council's treasury advisors, MUFG, anticipate a decrease in short, medium, and long-dated interest rates over the next one to two years. Source
- Havering Council's debt portfolio was fixed at an average interest rate of 3.70% during the 2024/25 financial year. Source
- Havering Council achieved a 5.26% investment yield for 2024/25, exceeding its 3-month SONIA benchmark of 4.82%. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on, with background from Wikipedia. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.