UK Housing Market Data Response Bank of England Credit Conditions Survey (Q1) The Credit Conditions Survey painted a weak picture of the residential mortgage market, but confirmed that the commercial lending market is improving. While the supply of residential mortgages is... 8th April 2015 · 1 min read
Africa Economics Update Ghana: IMF deal a positive, but difficult transition ahead The finalisation of Ghana’s three-year, US$918mn loan from the IMF is a very positive development, but we expect slow growth in 2015 and 2016 as the country’s economic unbalances unwind. That said... 7th April 2015 · 1 min read
UK Economics Chart Pack Inflation is dead, but should rise again before long For a country that has spent most of its recent history enduring high inflation, the recent release of figures showing that CPI inflation in the UK has now fallen to zero was a watershed moment. What... 7th April 2015 · 1 min read
China Economics Update Policymakers still have plenty of ammunition Growth looks likely to have slowed sharply in Q1, in spite of recent cuts to the required reserve ratio and benchmark interest rates. This has raised concerns that policymakers are now struggling to... 3rd April 2015 · 1 min read
EM Valuations Monitor Will Russia’s sovereign credit spread keep falling? Russia’s bond market continued to fare well in March. This may have reflected a growing sense that the risk of a financial crisis in the country has passed in the wake of emergency rate hikes late... 3rd April 2015 · 1 min read
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
