Asia Economics Update Australia’s central bank still likely to cut again next year The Reserve Bank of Australia (RBA) kept its policy rate on hold at 2.5% today, as expected. However, we still expect further loosening in early 2014, and think that rates will remain very low for the... 5th November 2013 · 1 min read
Capital Daily Monetary easing cycle nearing its end in much of Emerging Europe 5th November 2013 · 1 min read
Nordic & Swiss Economics Update Norway’s housing boom is ending Norway’s long housing boom is losing steam. Although a collapse in prices is unlikely, the slowdown in the housing market suggests that the economy will weaken more than the consensus expects. 5th November 2013 · 1 min read
US Economics Update Rising borrowing costs hit demand for loans The Fed's latest Senior Loan Officer Survey shows that even though banks are still prepared to increase the supply of credit, the recent surge in long-term borrowing costs has undermined the demand... 4th November 2013 · 1 min read
Japan Economics Focus Is inflation the only answer for Japan? The public debt problem in Japan has of course been brewing for many years without boiling over into a full-blown crisis. However, adverse demographics could soon cause the government’s finances to... 4th November 2013 · 1 min read
Latin America Economics Focus How much do external conditions matter to Latin America? Our new Indicator of Global Conditions suggests that most of the fluctuations in Latin American GDP growth over the past few decades can be explained by changes in the global macroeconomic backdrop... 4th November 2013 · 1 min read
Emerging Markets Economics Update Further signs of improvement in EM manufacturing Manufacturing across the emerging world appears to have made a strong start to Q4. Our EM-wide PMI estimate, based on data produced by Markit, is consistent with a pick-up in industrial production... 4th November 2013 · 1 min read
Europe Economics Update Should the ECB fear deflation? There are some good reasons why the ECB should be worried about the prospect of a bout of consumer price deflation in the euro-zone. But it is not clear that it has the firepower to prevent it. 4th November 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Oct. 13) The CIPS/Markit construction PMI suggests that confidence in the prospects for commercial property occupier demand is now firmly entrenched. IPD all-property rental values have already shown signs of... 4th November 2013 · 1 min read
BoE Watch No change in policy ahead of Inflation Report With GDP growth in Q3 coming in slightly above the MPC's forecast and unemployment falling more rapidly than expected, when the Committee might reconsider the stance of monetary policy has continued... 4th November 2013 · 1 min read
Canada Economics Weekly Canadian dollar's descent not over The recent pullback in the Canadian dollar owes more to weaker domestic fundamentals rather than volatile commodity prices. With domestic economic conditions likely to remain sluggish through next... 4th November 2013 · 1 min read
US Economics Weekly Recovery slowly gathering momentum as fiscal drag fades The incoming data suggest that labour market conditions remain soft, but the wider economic recovery does appear to be strengthening, as the severity of the fiscal drag begins to fade. Admittedly, our... 4th November 2013 · 1 min read
Europe Economics Weekly Credit constraints still a problem despite signs of easing The ECB’s Bank Lending Survey (BLS), published last week, suggested that credit constraints might soon start to ease in the euro-zone. But this improvement is only tentative; the fragility of the... 4th November 2013 · 1 min read
UK Economics Weekly Weak lending shouldn’t derail the recovery One part of the economy which has not shown much of a pick-up in recent months has been lending to households and firms. However, we are not too concerned about what, at present, is a pretty... 4th November 2013 · 1 min read
Asia Economics Weekly Australia rate cuts risk re-inflating housing market The Reserve Bank of Australia (RBA) has cut interest rates aggressively over the last two years, as it has looked to boost the non-mining economy to compensate for cooling mining investment. While low... 4th November 2013 · 1 min read
