The Year Ahead 2025: Rates markets and the fiscal cliffhanger

In this special edition of Bondcast, Imogen Bachra is joined by Brian Daingerfield and Joann Spadigam to discuss some key themes from our Year Ahead 2025 report, an in-depth guide to what will be shaping economies and markets over the coming 12 months. Following a year of change at the ballot box, new governments have made political promises and fiscal commitments, with increases to government debt on the horizon. How these decisions affect inflation and therefore terminal bank rates is an open-ish question… but the answer is not lower. Finally, they discuss the political backdrop going into 2025, and crucially, how markets are thinking about Trump 2.0. 

Remember to hit subscribe so you can listen to the latest episode in this series as soon as they're available and navigate to natwest.com/yearahead to get our views on the big themes and events moving markets and shaping the economy in 2025.

NB. This episode was recorded on 21 November 2024

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