Financial challenges to continue for many as Bank of England holds interest rates, says National Debtline
The Bank of England has held interest rates at 4.25%. With inflation also remaining above target, it remains a challenging time, particularly for those on lower incomes.
Posted June 19, 2025
Grace Brownfield, Head of Influencing and Communications at Money Advice Trust, the charity that runs National Debtline, says:
“With interest rates held at 4.25%, millions of households are still facing real financial strain, with little end in sight for people struggling with higher mortgage and debt costs.
“With inflation stubbornly above target, it remains a very challenging – and uncertain - time, particularly for those on lower incomes who have often already cut back as far as they can.
“We continue to call on policymakers to ensure support is targeted toward those hit hardest by this prolonged period of high inflation and interest rates.
“We urge anyone worried about their finances to seek free, independent advice as early as possible. National Debtline is here to help – our expert advisers can talk through your options and help you take back control of your finances.”
