UK and US policy in the spotlight

Joann Spadigam, Paul Robson and Ian Vanderhorn take a closer look at the latest UK data and the potential impact on the Bank of England’s thinking around rate cuts and quantitative tightening.They also dig into the latest US inflation print and shifts in US trade policy, unpack the market whiplash around media reports about Fed Chair Powell’s fate, and look ahead to the forthcoming European Central Bank meeting.This episode was recorded on 17 July 2025.For any terms used please refer to this glossary https://www.natwest.com/corporates/insights/markets/glossary.htmlPlease view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html