Europe Economics Update ECB shatters hopes of a "silver bullet" While the ECB met expectations of a further cut in interest rates and greater support for banks today, it shattered hopes that it is about to fire a silver bullet into the heart of the debt crisis. 8th December 2011 · 1 min read
US Housing Market Chart Pack High credit hurdle hampering housing Housing market activity has improved in recent months, with both new and existing home sales rising in October and homebuilding activity holding on to its previous gains. This has yet to translate... 8th December 2011 · 1 min read
Asia Economics Update Interest rates in Indonesia to come down further next year After cutting interest rates by a cumulative 75bp at its last two meetings, Bank Indonesia (BI) kept its key reference rate on hold today, as expected. However, with inflation continuing to fall and... 8th December 2011 · 1 min read
UK Economics Update More QE possible as soon as January Given that the £75bn of asset purchases announced in October has not been completed yet, today’s decision by the MPC to leave policy unchanged was unsurprising. However, the Committee has sent some... 8th December 2011 · 1 min read
Latin America Economics Update Argentina: Material changes to the “model” still seem unlikely Recent signs of a more orthodox approach to policymaking in Argentina are encouraging. But there is still no decisive evidence of a shift away from the prevailing economic “model”. Whatever the... 8th December 2011 · 1 min read
Europe Chart Pack Entering another deep recession Hopes that euro-zone policymakers will hatch a new “grand plan” to save the euro-zone may have grown, but evidence is mounting that the region is on the cusp of another deep recession. In November... 8th December 2011 · 1 min read
Japan Economics Update Falling core orders could point to sharper slowdown Month-to-month volatility in core machinery orders is nothing new. But the latest drop is unusually large and, coupled with evidence from the Economy Watchers’ Survey that business confidence is... 8th December 2011 · 1 min read
Emerging Europe Economics Update Turkey: the slowdown has started Turkish Q3 GDP data, due next week, are likely to show that the economy slowed to around 5.5% on an annual basis and contracted over the quarter on the back of weaker domestic demand. But, crucially... 8th December 2011 · 1 min read
Canada Chart Pack Domestic demand growth continues to slow After unexpectedly contracting in the second quarter, the economy rebounded in the third quarter, with GDP growth of 3.5% annualised, thanks largely to a big boost from external trade. But given the... 7th December 2011 · 1 min read
Middle East & North Africa Economics Update Egypt: teetering on the edge of a full-blown economic crisis The ruling Supreme Council of the Armed Forces’ (SCAF) dithering over securing external financial assistance has left Egypt teetering on the edge of a full-blown economic crisis. The central bank’s... 7th December 2011 · 1 min read
Europe Economics Update Markets’ euro optimism to prove short-lived again It is not hard to see why the financial markets have responded positively to the latest proposals to save the euro: they seem to open the door to immediate financial help from the ECB and provide a... 7th December 2011 · 1 min read
UK Economics Update Is the Chancellor right to take the credit for low gilt yields? The Chancellor has frequently claimed that his commitment to fiscal austerity has earned the UK credibility in financial markets and has been the decisive factor behind the fall in gilt yields. But... 7th December 2011 · 1 min read
Europe Economics Update Italian prospects remain grim Recent euro-zone developments may have brought Italy back from the brink again. But Italy will still need years of financial assistance from the rest of the region and to go through years of severe... 7th December 2011 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Oct.) A rise in supply and an easing in the pace of tenant demand growth led to a softening in rental value growth in the three months to October. That trend is likely to continue as affordability... 7th December 2011 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov.) November’s rise in mortgage applications for home purchase are a glimmer of hope that record low mortgage rates and the improving labour market are finally having some positive effect on housing... 7th December 2011 · 1 min read
