Latin America Data Response Chile Consumer Prices (Jul.) The fall in Chilean inflation in July, coming on the back of a recent weakening in the economy, means that interest rate hikes this year are now looking unlikely. 8th August 2016 · 1 min read
Europe Commercial Property Update Lower interest rates prompt reduced return targets Fund managers have reported that they are lowering their return targets in response to the lower interest rate environment and increased competition for commercial property assets. This suggests that... 8th August 2016 · 1 min read
Japan Chart Pack Growth not strong enough to boost price pressures Weak survey evidence notwithstanding, the economy likely continued to recover in the second quarter, while the labour market has rarely been tighter. However, wage growth remains anaemic and the past... 8th August 2016 · 1 min read
Commodities Weekly Commodities wobble on strong US jobs data On Friday, commodity prices dipped in the wake of the second consecutive strong US non-farm payrolls reading, the subsequent appreciation of the dollar and the implication that rate hikes could come... 5th August 2016 · 1 min read
UK Housing Market Chart Pack Post-referendum chill starts to show The first set of post-referendum housing market data is consistent with our expectations of a slump in transactions over the next 6 to 12 months. That said, while the picture painted by the main house... 5th August 2016 · 1 min read
UK Economics Update Brexit Watch: Policy response should cushion hit to growth The MPC’s decision to announce a package of stimulus measures yesterday was no doubt influenced by the thoroughly downbeat tone of this week’s survey data. While it’s clear that growth is set to slow... 5th August 2016 · 1 min read
Europe Economics Weekly ECB set to follow BoE despite policy limitations The Bank of England’s policy action last week added to the pressure on the ECB to do more. At the moment, the ECB’s self-imposed restrictions would prevent a large expansion of its asset purchase... 5th August 2016 · 1 min read
Australia & New Zealand Economics Weekly Australian dollar punishing the RBA The Reserve Bank of Australia hasn’t done itself any favours by providing no real hints that interest rates will fall below 1.5%, as the resulting strengthening in the dollar will make it even harder... 5th August 2016 · 1 min read
Australia & New Zealand Economics Update RBA may yet be forced to cut rates below 1.5% The Reserve Bank of Australia used its new Statement on Monetary Policy to suggest that it hasn’t got much appetite for cutting interest rates below 1.5%, although its own inflation forecasts suggest... 5th August 2016 · 1 min read
EM Valuations Monitor Further gains would not store up problems Further gains in emerging markets (EMs) seem likely as the Fed shies away from hiking rates again and other major central banks loosen monetary policy. But while that may cause some concerns that the... 4th August 2016 · 1 min read
Global Economics Chart Pack World economy shrugs off Brexit vote The initial evidence suggests that the UK’s vote to leave the EU has caused its economy to slow sharply. That has already prompted the Bank of England to ease policy, and we suspect it will cut rates... 4th August 2016 · 1 min read
UK Housing Market Update Will the MPC inject fresh life into the housing market? Today’s measures from the MPC met our expectations. And while mortgage interest rates are now likely to fall a little further, uncertainty amongst buyers means that this is unlikely to give lending... 4th August 2016 · 1 min read
Emerging Europe Data Response Russia CPI (Jul.) The larger-than-expected fall in Russian inflation to 7.2% y/y in July suggests that – barring an upside surprise in this month’s CPI figure – the central bank will resume its easing cycle at the next... 4th August 2016 · 1 min read
Emerging Europe Economics Update Czech and Romanian MPCs remain in dovish mood The Romanian MPC’s press conference was a little more dovish than we had anticipated, but robust domestic demand and rising inflation mean gradual interest rate hikes still seem more likely than not... 4th August 2016 · 1 min read
UK Economics Update The MPC delivers & signals more to come The Bank of England’s Monetary Policy Committee (MPC) today made good on its pledge at July’s meeting to implement a package of policy measures to cushion the economy from the adverse effects of the... 4th August 2016 · 1 min read
China Economics Update PBOC probably won’t cut rates or the RRR anytime soon Concerns about growing credit risks mean that the People’s Bank has good reason to hold off from another round of broad easing measures until clear signs of a renewed downturn emerge. 4th August 2016 · 1 min read
