The Bank of England and European Central Bank’s final decisions of 2025 follow a week after the Fed’s and close a year in which all three have been trying with mixed success to steer inflation back to 2 percent. What will they do in their last policy meetings of the year, and what will their messaging tell us about the path for interest rates in 2026?
Join our senior economists at 1000 ET / 1500 GMT on Thursday 18th December, for a special briefing on the latest decisions. We’ll examine the Bank of England and ECB announcements, draw out what we learned from the Fed’s meeting the week before, and set out our expectations for US, European and UK rates in the year ahead.
We’ll also be taking your questions as we explore key issues, including:
- How the UK Budget and regime change at the Fed could shape policy next year;
- Why we think the Fed will cut less than most expect in 2026 and the Bank of England more;
- How our below-consensus eurozone inflation forecasts imply the ECB will step off the sidelines and cut next year.
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