NatWest’s latest update explores how central banks are navigating sluggish growth, persistent price pressures, and shifting consumer sentiment across major economies.
Key Insights:
- Bank of England Holds Steady: MPC kept rates at 4.5%, with guidance suggesting one 25bps cut per quarter through 2025.
- Labour Market Resilience: UK employment grew modestly, while wage growth remained elevated at 5.9% y/y, complicating disinflation.
- Consumer Confidence Improving: GfK index rose to -20, supported by stabilizing jobs and real wage gains.
Explore macro trends and policy signals shaping Q2 positioning—access the full report.
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