This report highlights the ECB's shift in perception regarding the nominal neutral rate and analyzes the political transition occurring within the UK government.
Key Takeaways
- 1.The ECB chief economist signaled that the euro area neutral rate could be as high as 2.5%, suggesting higher-for-longer interest rates.
- 2.UK political landscape is shifting, with Andy Burnham’s by-election win increasing the likelihood of him replacing Starmer as PM this year.
Table of Contents
- Macro focus – The ECB reopens the debate on neutral
- What we're watching next week
- Macro Focus: The ECB reopens the debate on neutral
- What we're watching next week
- Key data releases and events (week commencing Monday 22 June)
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Authors
Henry Cook
Themes
Neutral Rate RevisionUK Political Transition
Regions
EuropeUnited KingdomGermanyFrance