Europe Economics Update ECB to cut rates and maybe more next month The ECB signalled very strongly at today’s press conference that policy will be loosened next month. A small cut in the main refinancing rate seems like the least that the Bank could do and is... 8th May 2014 · 1 min read
Europe Economics Update Growth slowdown to delay rate hikes in Norway until 2016 The Norges Bank left its monetary policy stance unchanged today and we continue to think that a slowdown in the economy will prevent the Bank hiking until 2016. 8th May 2014 · 1 min read
Nordic & Swiss Economics Update Growth slowdown to delay rate hikes in Norway until 2016 The Norges Bank left its monetary policy stance unchanged today and we continue to think that a slowdown in the economy will prevent the Bank hiking until 2016. 8th May 2014 · 1 min read
Europe Economics Update Deflation to trump Riksbank's household debt concerns The Riksbank’s report on household indebtedness underscores the magnitude of the problem and the need for it to be addressed. But we continue to think that the Bank will cut interest rates as... 7th May 2014 · 1 min read
Nordic & Swiss Economics Update Deflation to trump Riksbank’s household debt concerns The Riksbank’s report on household indebtedness underscores the magnitude of the problem and the need for it to be addressed. But we continue to think that the Bank will cut interest rates as... 7th May 2014 · 1 min read
Europe Economics Update Cyprus unlikely to achieve a 'clean exit' The improvement in investor sentiment towards the euro-zone has allowed even beleaguered Cyprus to tap the markets for funding. But the nation remains a long way from replicating Ireland’s ‘clean exit... 2nd May 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Apr.) Although progress is still slow, the latest euro-zone fiscal data provided more evidence that peripheral governments are gradually strengthening their fiscal positions. 2nd May 2014 · 1 min read
Europe Economics Update Are inflation expectations still well anchored? Although survey measures of short-term inflation expectations have fallen sharply, medium-term forecasts have so far remained well anchored. However, with deflationary pressures building, a de... 1st May 2014 · 1 min read
Europe Economics Update Belgian recovery likely to remain lacklustre Figures released today showed the Belgian recovery gaining a little momentum in the first quarter. But sharp falls in sentiment in March and April suggest that growth may yet slow later this year. 30th April 2014 · 1 min read
Europe Economics Update Slovenia’s political crisis shows flagging reform appetite The prospect of early elections in Slovenia is unlikely to spark significant market pressures. But it highlights how a dysfunctional political system is undermining the country’s economic reform... 30th April 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) March’s euro-zone monetary data underlined the continued weakness of the region’s financial system and will help to maintain the pressure on the ECB to ease monetary policy further over the coming... 29th April 2014 · 1 min read
Europe Economics Update Labour market still a constraint on Finland's recovery The prolonged deterioration in Finland’s labour market may finally be coming to an end, according to data published earlier this week. But we suspect that employment will pick up very slowly at best. 25th April 2014 · 1 min read
Nordic & Swiss Economics Update Labour market still a constraint on Finland’s recovery The prolonged deterioration in Finland’s labour market may finally be coming to an end, according to data published earlier this week. But we suspect that employment will pick up very slowly at best. 25th April 2014 · 1 min read
Europe Economics Update Five key questions on QE in the euro-zone The European Central Bank (ECB) appears finally to be seriously considering the option of implementing quantitative easing (QE). While we have long argued that QE in the euro-zone was a more likely... 22nd April 2014 · 1 min read
Europe Economics Update France’s reform effort inches forward Although France’s short-term outlook remains weak, the new French Government’s recent policy announcements provide hope that France is slowly tackling its significant competitiveness problems. 16th April 2014 · 1 min read
Europe Economics Update Can the ECB get the euro down? The ECB’s battle against deflation is turning into a fight to lower the euro exchange rate. But it is far from clear that the central bank will act sufficiently to bring the currency down far enough. 15th April 2014 · 1 min read
