Gently does it

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.