Pantheon Macroeconomics

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17th Feb 2025 12:44UKDaily Monitor

  • We expect slower, and fewer, rate cuts than the median market participant.
  • We expect higher CPI inflation than the consensus and assume a higher neutral interest rate.
  • An upside skew to markets’ inflation forecasts likely drives elevated nominal estimates of neutral.

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Keywords for: 18 February 2025 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence