A cut for UK rates in August, but will the Fed follow suit in September?

It wasn't the first cut in the cycle, nor at 25 basis points was it the deepest, but there was still plenty to talk about following the Bank of England's (BoE's) reduction to the Base Rate. In this episode, Joann Spadigam is joined by Paul Robson and Ian Vanderhorn to discuss a surprisingly hawkish cut by the BoE, and what impact recent payrolls data in the US might have on the Federal Reserve. They also address the economic outlook for Europe, particularly political risks emanating from France.

Remember to hit subscribe so you can listen to the latest episodes in this series as soon as they're available and get our views on the big themes and events moving markets and shaping the economy.

This episode was recorded on 7 August 2025, and captions are automatically generated. 

For any terms used please refer to this glossary https://www.natwest.com/corporates/insights/markets/glossary.html
Please view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html