Explaining our non-consensus views on central banks

We recently hosted an online Drop-In session to review the latest Fed and ECB decisions and preview the Bank of England’s November meeting. (Recording available here.) This Update provides answers to some of the questions that we received. The key point is that we still expect the US Fed to cut interest rates by less than markets anticipate next year while the ECB and Bank of England will cut by more.

Our UK economists will be online again at 1000 ET/1500 GMT on Thursday 6th November, shortly after the Bank of England announcement, for a 20-minute briefing to unpack the latest communications and tackle the key issues shaping the UK macro and policy outlook. Click here to register for the event.