Europe Economics Update Euro-zone Monetary Indicators Monitor (Aug.) The latest monetary data provide no encouragement about the outlook for the eurozone. Lending to the private sector has continued to fall and the boost to banks’ lending to governments generated by... 27th September 2012 · 1 min read
UK Data Response Credit Conditions Survey (Q3) The Bank of England’s latest Credit Conditions Survey suggested that lenders expect the Funding for Lending Scheme (FLS) to boost the availability of credit to households. However, the picture... 26th September 2012 · 1 min read
Latin America Economics Update Mexican credit growth to support outperformance In contrast to much of Latin America, which has undergone a credit-fuelled boom in recent years, bank lending in Mexico has been more restrained. As a result, while many countries in the region are... 25th September 2012 · 1 min read
US Economics Update Businesses are not hoarding more cash It is encouraging that, faced with the prospect of the US economy hitting the fiscal cliff at the end of the year, businesses have not started to hoard more cash. At the same time, though, there is... 24th September 2012 · 1 min read
US Economics Update QE3 may dwarf other central bank policies The sheer size of the Fed’s QE3 policy becomes even more apparent when it is compared to the policies of other central banks. Although we doubt that QE3 will set the US economy alight, the greater... 20th September 2012 · 1 min read
Emerging Europe Economics Update Threat of financial contagion eases, but risks remain The recent news that the ECB is prepared to buy “unlimited” quantities of peripheral government bonds has reduced the risk that banks in Emerging Europe will be hit by financial contagion from the... 19th September 2012 · 1 min read
Latin America Economics Update Pace of credit growth still a cause for concern Latin American credit growth has slowed a little over the past few months, but remains uncomfortably strong in a number of places. We suspect that the biggest threat to financial stability in the... 19th September 2012 · 1 min read
Japan Economics Update Monetary Indicators Monitor (Aug.) Broad money growth remained weak in August but it picked up slightly amid a continued rise in bank lending. Household demand for credit remains firm but businesses are cutting back on borrowing from... 17th September 2012 · 1 min read
Asia Economics Weekly Three scenarios for Vietnam's crisis-hit economy High-profile arrests related to one of Vietnam’s biggest banks have brought problems in the country’s banking sector to the fore. This week’s lead article considers three scenarios for how Vietnam’s... 17th September 2012 · 1 min read
Emerging Europe Economics Focus The hidden risk of rising Turkish bank debt Although Turkey’s current account deficit has started to narrow, short-term external debt – particularly in the banking sector – has risen sharply over the past couple of years. As such, Turkey... 12th September 2012 · 1 min read
China Data Response Lending, broad credit growth (Aug.) The strength of bank lending in August is a rare piece of positive economic news from China after weeks of downbeat data. But any optimism should be tempered by the fact that borrowing by firms, as... 11th September 2012 · 1 min read
Europe Economics Update Will the ECB provide a "third bail-out" for Greece? The ECB’s willingness to make “unlimited” government bond purchases in order to calm the situation in Spain could potentially have large positive repercussions for Greece too. But on balance, we doubt... 10th September 2012 · 1 min read
UK Economics Update Respite in bad debts unlikely to last Recent evidence suggests that households are finding it a bit easier to cope with their high levels of debt. However, this is unlikely to last if unemployment rises as we expect. 3rd September 2012 · 1 min read
UK Economics Update Monetary Indicators Monitor (Aug.) Household borrowing recovered in July after it was depressed by temporary factors in June. Nonetheless, the big picture is that borrowing growth remains very weak. 31st August 2012 · 1 min read
UK Economics Update Household Borrowing Monitor (Jul.) Household borrowing recovered in July after it was depressed by temporary factors in June. Nonetheless, the big picture is that borrowing growth remains very weak. 30th August 2012 · 1 min read
Asia Economics Update Scandal highlights problems with Vietnam's banking sector The arrest last week of two well-connected businessmen has helped to highlight the worsening problems in Vietnam’s banking sector, which has seen a sharp rise in non-performing loans and a slump in... 30th August 2012 · 1 min read
