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7th May 2026 11:45UKWeekly Monitor
  • The bar to the MPC returning to rate cuts, if oil prices fall, looks high, as growth and inflation are holding up. 
  • But a thin Iran-US deal, if signed, would lead us to shift to one or no hikes this year.
  • Disastrous local election results for the Labour Party will keep political risk elevated

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Keywords for: 11 May 2026 UK Monitor

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