Global Economics Update ECB trumps Bank of Japan? Although the asset purchase programme announced by the ECB this year is smaller than that announced by the Bank of Japan in 2013, the initial response of financial markets has, if anything, been... 3rd April 2015 · 1 min read
Emerging Markets Economic Outlook In the footsteps of the Fed? The recent run of poor data from around the emerging world is likely to set the tone for the rest of this year. Brazil’s struggles look set to continue, Russia is likely to slip deeper into recession... 2nd April 2015 · 1 min read
Capital Daily What role has the ECB’s QE played in driving down credit spreads? 1st April 2015 · 1 min read
India Economics Update Why aren’t banks lending more? Recent cuts to policy interest rates should eventually help to boost bank lending in India, the weakness of which has been a significant cause of the economic slowdown over the past few years. But... 1st April 2015 · 1 min read
Global Economics Update Some encouraging signs Broad money growth in the euro-zone has accelerated to its fastest rate since April 2009, supporting other evidence that the recovery there is gaining some momentum. Meanwhile, the pick-up in broad... 31st March 2015 · 1 min read
Europe Economics Update Time is quickly running out for Greece Greece is running out of time to produce a list of reforms that will satisfy its creditors and secure the additional bail-out payment it requires to meet its near-term financial obligations. But even... 31st March 2015 · 1 min read
UK Economics Update Household Borrowing Monitor (Mar.) February’s household borrowing figures provided further confirmation that strong consumer spending is not the result of a borrowing binge. 31st March 2015 · 1 min read
UK Economics Update Monetary Indicators Monitor (Mar.) The latest money and credit figures provided further evidence that the economic recovery is not fuelling an unsustainable pick-up in credit. 31st March 2015 · 1 min read
UK Economics Weekly Zero inflation doesn’t boost case for rate cut For a country that has spent much of its recent history battling high inflation, last week’s data showing that inflation hit zero in February was something of a watershed moment. However, we don’t... 27th March 2015 · 1 min read
Emerging Markets Economics Focus Shifting sands: why the outlook for the BRICs is starting to diverge The prospects for the four largest emerging economies – Brazil, Russia, India and China – are starting to diverge. The outlook for India is improving and, despite a recent run of poor data, we think... 27th March 2015 · 1 min read
Asia Economics Weekly Deflation of Thailand’s credit bubble has further to run Although credit growth in Thailand has cooled over the past few years, the process of deflating the country’s credit bubble is still far from over. Given this, the Bank of Thailand’s decision earlier... 27th March 2015 · 1 min read
Japan Economics Weekly Why are firms borrowing more? Despite exceptionally strong corporate profits and falling investment, corporate debt increased by the most since 2008 last quarter. With interest costs at record lows, firms seem to be borrowing to... 27th March 2015 · 1 min read
Global Markets Update Investors regain their appetite for EM assets In February, there was a net flow into global ETF and mutual funds that invest in emerging markets for the month since September. In particular, funds dedicated to investing in equities in Emerging... 26th March 2015 · 1 min read
Middle East & North Africa Chart Pack Saudi Arabia refuses to budge Even though oil prices continue to languish at around $55pb, there is still no sign that Saudi Arabia will give in to pressure from other OPEC members to cut oil output. Oil Minister, Ali al-Naimi... 25th March 2015 · 1 min read
US Economics Update Monetary Indicators Monitor (Feb.) The further acceleration in broad money growth in February is indicative of a strengthening real economic recovery that will eventually put more upward pressure on underlying inflation. The annual... 24th March 2015 · 1 min read
Europe Economics Update Portugal’s good news should be treated with caution A continued economic recovery and the Government’s early repayment of IMF loans have allowed Portugal to distance itself further from beleaguered Greece. But with debt still worryingly high and the... 23rd March 2015 · 1 min read
