Tarrif-ic times ahead

NatWest’s latest economic briefing explores the evolving landscape of UK and global markets amid shifting inflation trends, labour market dynamics, and escalating trade tensions.

Key Takeaways:

• UK inflation unexpectedly dropped to 2.6% in March, strengthening the case for a potential Bank of England rate cut in May.
• Despite cooling job creation, wage growth remains elevated at 5.9%, keeping monetary policymakers cautious.
• Housing market fundamentals stay robust, with 12 consecutive months of price increases.

Dive deeper into how shifting tariffs, interest rate expectations, and consumer behavior are reshaping the macro outlook—access the full report.