UK Data Response MPC Minutes (Jun.) The minutes of June’s Monetary Policy Committee (MPC) meeting showed that a divide is starting to open up about the risks to the inflation outlook. But most members still seem to believe that the... 23rd June 2010 · 1 min read
China Economics Update Hot inflows not likely to be a major threat With expectations for the pace of future renminbi appreciation low, speculative capital flows into China are unlikely to take off. Even if they do, the People’s Bank is capable of responding... 23rd June 2010 · 1 min read
Asia Economics Update Pakistan is struggling to retain IMF support The delay in implementing a new value added tax has soured relations between Pakistan and the IMF and means that the capital inflow needed to shore up the balance of payments will be slow in coming... 23rd June 2010 · 1 min read
UK Housing Market Focus Emergency Budget 2010: Tough but tender This was a Budget with two faces. The total discretionary tightening will build up to 8% of GDP per annum by 2015-16, larger than Canada’s in the 1990s, but smaller than Sweden’s and Finland’s. 22nd June 2010 · 1 min read
UK Economics Focus Emergency Budget 2010: Tough but tender The new coalition Government has made an industrious start. But it still faces some major policy challenges if it is to achieve the multiple goals of sorting out the public finances, improving... 22nd June 2010 · 1 min read
UK Economics Update Budget squeeze on household finances to weigh on house prices Fears that a rise in capital gains tax would rapidly destabilise the fragile house price recovery appear to have been overdone. But the scale of the fiscal squeeze announced by the Chancellor today... 22nd June 2010 · 1 min read
UK Economics Update Budget squeeze on household finances to weigh on house prices Fears that a rise in capital gains tax would rapidly destabilise the fragile house price recovery appear to have been overdone. But the scale of the fiscal squeeze announced by the Chancellor today... 22nd June 2010 · 1 min read
UK Housing Market Update Budget squeeze on household finances to weigh on house prices Fears that a rise in capital gains tax would rapidly destabilise the fragile house price recovery appear to have been overdone. But the scale of the fiscal squeeze announced by the Chancellor today... 22nd June 2010 · 1 min read
Latin America Economics Update Brazil Election Watch: Serra sets out his stall 22nd June 2010 · 1 min read
UK Housing Market Data Response FSA Mortgage Lending Statistics (Q1) The latest FSA lending data continue the trend of the previous two quarters with arrears and possessions improving but mortgage lending remaining very tight. 22nd June 2010 · 1 min read
Europe Commercial Property Update French and German prospects better than derivatives prices imply Commercial property derivatives pricing may be giving too negative a steer on the outlook for French and German capital values. Indeed, in projecting flat or falling property prices, derivatives... 22nd June 2010 · 1 min read
Europe Data Response German Ifo Survey (Jun.) June’s improvement in the German Ifo business survey came as a relief amid evidence elsewhere that troubles in the periphery are starting to damage sentiment in core euro-zone countries. 22nd June 2010 · 1 min read
UK Economics Update UK Budget Checklist This checklist is intended to help clients keep track of the important measures and numbers announced during the Chancellor’s Budget speech at 12.30pm and to provide some instant context. 22nd June 2010 · 1 min read
China Economics Update Still in need of rebalancing The financial crisis has left many reputations looking rather tattered. China’s policymakers are among a small group who have emerged with their standing enhanced. Acting boldly and swiftly, they not... 22nd June 2010 · 1 min read
