Drop-In: Fed, ECB and BoE – Unpacking the first rate decisions of 2025

Economists from our US, Europe and UK teams hosted this online briefing all about the first rate decisions of 2025 from the Federal Reserve, European Central Bank and the Bank of England. During the session, the team addressed key issues, including:

  • How the Fed will pause rate cuts as the economy holds up and the Trump policy agenda takes shape;
  • Why we think the ECB will cut more this year than investors expect;
  • Whether recent macro and market developments in the UK could affect the Bank of England’s appetite for rate cuts this year. 
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