Faithful stewardship in a shifting economy

Will the Bank of England cut rates in November? As a Christian seeking to be a faithful steward, knowing if interest rates will fall is more than financial news. It indicates how economic policy may affect our savings, giving, and ability to plan for the future.

There’s been a lot of talk in the press about interest rates and if they will come down or stay the same. Let’s walk through some scenarios together, with clarity and care.

Bank Rate today and the road so far

As of August 2025, the Bank of England’s Bank Rate stands at four per cent. Over the past year, rate cuts have gradually been implemented in response to easing inflation pressures. However, whether more cuts happen, and when, will depend on how the economy develops.

The Bank of England states that it will continue to monitor inflation, growth, and employment, and will take a "gradual, careful approach" to further cuts. The next interest rate decision meeting is scheduled for Thursday 6 November 2025.

Why a November rate cut isn’t a sure thing

• Inflation: Prices are rising faster than desired. Some forecasters expect headline inflation to hit about 4 per cent in September.
• Monetary Policy Committee (MPC) discussions: The Bank of England committee, that sets interest rates, hasn’t been in full agreement. Their votes have been very close, which demonstrates they’re unsure about how quickly, or by how much, rates should be cut.
• Upcoming Autumn Budget: The timing and content of the government’s budget plans could influence the MPC’s stance.

There are many more factors that will, likely, influence the Bank of England’s decision, and many experts see November as a close call.

What it means for you:

1. For savers
   If the Bank of England lowers rates in November, it could mean lower returns on some savings accounts. At Kingdom Bank, we’ll always be transparent about any changes and give you clear notice. While rate cuts might mean some savers might see their earnings reduce a little, it will likely represent good news for borrowers.
   
2. For borrowers (usually mortgage customers)
   Lower rates would ease borrowing costs. In a church and charity context, even marginal cost reductions can make a real difference. Redeemer Church, in Nottingham, took a mortgage with Kingdom Bank and were able to recruit an additional gospel worker due to the lower interest rates we were able to offer. Pete Brown, Senior Pastor, comments: "We are grateful that people choose to invest the resources God has given them for eternal purposes. If they weren’t saving with Kingdom Bank, we wouldn’t be able to do the work we’re doing or employ more gospel workers. Our ability to save on financial repayments allows us to do more for the Kingdom. If you save with Kingdom Bank – thank you."

As stewards, we need to be ready

Financial decisions aren’t neutral. They reflect our trust in Jesus and love for others. That’s why Kingdom Bank makes three pledges to customers who save with us:

• Transparency: Our customers will always know how we use their savings.
• Stewardship: While interest rates may go up or down, our customers are assured that savings with Kingdom Bank are put to work for the gospel.
• Impact: Our customers' savings make a difference and help churches secure permanent places for community outreach. Making an impact for the gospel and helping churches to grow.

What to watch in October

While some analysts expect a rate cut in November, others remain cautious. If inflation rises again or the jobs market looks stronger than expected, the Bank of England may decide not to cut rates. Either way, November’s decision is likely to be a close call.

Please keep checking Kingdom Bank News and Insights. We’ll share updates so you stay informed.