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Appendix I - Outlook for Interest Rates (Table)

Perth and Kinross Council · 25 February 2026
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APPENDIX I
Outlook for Interest Rates
MUFG Corporate Markets - Forecast of Interest Rates
(%) Current* Mar-26 Jun-26 Sep-26 Dec-26 Mar-27 Jun-27 Sep-27 Dec-27 Mar-28 Jun-28 Sep-28 Dec-28 Mar-29
Bank Rate 3.75 3.75 3.50 3.50 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
5 Yr PWLB 4.72 4.60 4.50 4.30 4.20 4.10 4.10 4.10 4.10 4.10 4.10 4.10 4.10 4.10
10 Yr PWLB 5.32 5.20 5.00 4.90 4.80 4.80 4.70 4.70 4.70 4.70 4.60 4.60 4.60 4.70
25 Yr PWLB 5.98 5.80 5.70 5.60 5.50 5.50 5.40 5.30 5.30 5.30 5.20 5.20 5.20 5.20
50 Yr PWLB 5.80 5.60 5.50 5.40 5.30 5.30 5.20 5.10 5.10 5.10 5.00 5.10 5.00 5.00
* current rates taken as at 13 February 2026 (am)
* forecast produced 22 December 2025
APPENDIX
I