UK Economics Update MPC hawks likely to remain in a minority this year The recent weakness of inflation and wages alongside the cooling of the housing market suggests that the number of MPC members voting to keep interest rates on hold at today’s meeting is unlikely to... 4th September 2014 · 1 min read
Middle East & North Africa Economics Update Is Dubai now over its debt problems? The past month has brought further news that Dubai’s government-related entities, which were at the heart of the Emirate’s crisis in 2009, are tackling their debt problems. But while these latest... 4th September 2014 · 1 min read
Europe Commercial Property Update Where next for industrial rents in Hungary? Provided that Hungary’s apparent slowdown in the pace of economic growth is short-lived, industrial rental values are more likely to continue to mark time over the next few quarters than to fall. But... 4th September 2014 · 1 min read
UK Economics Update Has the Great Moderation returned? Since early 2013, the UK has enjoyed a remarkable period of steady growth reminiscent of the ‘Great Moderation’ in the 1990s and early 2000s. While we doubt GDP growth will remain quite so stable in... 4th September 2014 · 1 min read
Global Economics Update Global imbalances to remain below pre-crisis levels After narrowing abruptly in 2009, the world’s major current account imbalances rebounded between 2010 and 2012. This raised concerns that there could be a resumption of potentially destabilising... 4th September 2014 · 1 min read
Europe Economics Update Swedish Riksbank still fighting deflationary threat Sweden’s central bank today left its main policy rate on hold at 0.25% and reiterated that interest rates would not start to rise until late 2015 as it continues its fight to stave off deflation. But... 4th September 2014 · 1 min read
Japan Economics Update Imminent easing by BoJ unlikely The BOJ left policy settings unchanged at today’s meeting, and provided no indications of imminent easing despite the recent weakness in the economy. However, inflation is likely to fall short of the... 4th September 2014 · 1 min read
Latin America Economics Update Brazil Central Bank signals Selic on hold for time being The Central Bank of Brazil kept interest rates on hold at 11% last night and the accompanying statement gave a strong signal that rates are likely to be left unchanged over the coming months. We don’t... 4th September 2014 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank still fighting deflationary threat Sweden’s central bank today left its main policy rate on hold at 0.25% and reiterated that interestrates would not start to rise until late 2015 as it continues its fight to stave off deflation. But... 4th September 2014 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank still fighting deflationary threat Sweden’s central bank today left its main policy rate on hold at 0.25% and reiterated that interestrates would not start to rise until late 2015 as it continues its fight to stave off deflation. But... 4th September 2014 · 1 min read
Europe Chart Pack Deflation threat raises pressure on the ECB August’s fall in euro-zone HICP inflation from 0.4% to 0.3% left it at its lowest rate sinceOctober 2009, when it was negative, and well beneath the ECB’s target of “below, but closeto, 2%”. What’s... 3rd September 2014 · 1 min read
UK Economics Chart Pack Inflation subdued despite strong recovery While the economic recovery has remained strong, there is still little sign that inflationary pressuresare emerging. CPI inflation was just 1.6% in July and the recent decline in import prices, fall... 3rd September 2014 · 1 min read
Canada Economics Update Bank of Canada rightly remains neutral on rates The Bank of Canada's neutral policy statement on the rate outlook showed that it isn't concerned about the recent uptick in inflation, since this is due to temporary factors rather than any... 3rd September 2014 · 1 min read
Global Markets Update US dollar seems likely to strengthen further The US dollar is close to the strongest it has been against the other major currencies in over a year. But we doubt its rally is over given the relative prospects for monetary policy in the US and... 3rd September 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Hunt for yield will drive investors east Over the first half of the year, capital values in the Emerging European commercial property markets were little changed, while values in non-euro-zone Western markets edged a little higher. Over the... 3rd September 2014 · 1 min read
Europe Commercial Property Outlook Fragile growth outlook to limit the rental recovery The euro-zone’s economic problems show few signs of easing and a rapid recovery in economic growth and job creation over the next few quarters seems unlikely. The good news is that the dip in bond... 3rd September 2014 · 1 min read
