MUFG
MUFG, as Kingston Council's treasury advisors, recently forecast interest rate movements and their implications for council borrowing.
Kingston Council's Audit, Governance and Standards Committee reviewed the Treasury Management Annual Report for 2025/26 in June 2026, noting a volatile market. The council's borrowing strategy for 2025/26 involved borrowing £379 million, £154 million less than its capital financing requirement, by utilising cash reserves.
This strategy follows advice from Kingston Council's treasury advisors, MUFG, who anticipated a decrease in short, medium, and long-dated interest rates over the next one to two years, according to their forecast updated in August 2025. Presented in November 2025, MUFG's forecast also highlighted upside risks including inflation stickiness and a tight labour market.
MUFG is a Japanese bank and financial services company that provides economic outlooks and analysis. It acts as a treasury advisor to Kingston Council, offering forecasts on economic factors such as interest rates to inform the council's financial planning.
Key facts
- Kingston Council's Audit, Governance and Standards Committee reviewed the Treasury Management Annual Report for 2025/26 in June 2026. Source
- Kingston Council borrowed £379 million for the 2025/26 financial year, £154 million less than its capital financing requirement. Source
- MUFG, Kingston Council's treasury advisors, forecast a decrease in interest rates over the next one to two years in August 2025. Source
- MUFG's forecast noted upside risks including inflation stickiness and a tight labour market. Source
- The MUFG forecast was presented in the Treasury Management 2025-26 Mid Year Report in November 2025. 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.