UK Commercial Property Update Recovery may now be broadening, but not to all non-prime property There can be no question that the recovery in the prime segment of the commercial property market continues apace. The evidence on the performance of near-prime and lower-quality property, however, is... 4th February 2010 · 1 min read
Europe Economics Update ECB rate hikes still a very distant prospect The ECB is set to announce further plans to phase out unconventional policy support after its meeting next month. But with the Bank’s call for fiscal consolidation highlighting the downward pressure... 4th February 2010 · 1 min read
Latin America Economics Update New Argentine Governor unlikely to calm bond markets for long 4th February 2010 · 1 min read
Japan Chart Pack Flying start to 2010, but ... (Feb 10) Our analysis suggests that Japan’s GDP grew by around 1.5% q/q in the fourth quarter of last year (preliminary official data will be released on 15th February). This would be roughly equivalent to 6.0... 4th February 2010 · 1 min read
UK Economics Update MPC halts QE for now, but may have more work to do The Monetary Policy Committee’s decision not to extend its quantitative easing programme further this month does not necessarily mark the end of its extraordinary efforts to support the economy. And... 4th February 2010 · 1 min read
UK Economics Update MPC halts QE for now, but may have more work to do The Monetary Policy Committee’s decision not to extend its quantitative easing programme further this month does not necessarily mark the end of its extraordinary efforts to support the economy. And... 4th February 2010 · 1 min read
Global Economics Update Sectoral divergence reinforces doubts about the recovery 4th February 2010 · 1 min read
UK Data Response Halifax House Price Index (Jan) Halifax data for January confirmed that the housing market upturn was extended into 2010, but also indicated that it may be losing steam. Indeed, prices rose at their slowest rate since June... 4th February 2010 · 1 min read
Asia Economics Update Indonesia set to stay on hold for longer Bank Indonesia (BI) left its policy rate at 6.5% today, as expected, and kept its neutral bias. The economic upswing should continue while annual inflation will probably stay below the 6% ceiling. We... 4th February 2010 · 1 min read
UK Economics Update How much has the car scrappage scheme boosted growth? We estimate that the car scrappage scheme has boosted UK GDP by just 0.1% or so per quarter. Nonetheless, the end of the scheme could still dent growth if consumers brought forward spending to take... 4th February 2010 · 1 min read
UK Economics Update How much has the car scrappage scheme boosted growth? We estimate that the car scrappage scheme has boosted UK GDP by just 0.1% or so per quarter. Nonetheless, the end of the scheme could still dent growth if consumers brought forward spending to take... 4th February 2010 · 1 min read
Latin America Economics Focus Is Mexican inflation about to take off? A combination of one-off factors means that Mexican inflation is likely to accelerate in the first quarter of this year. But the large amount of spare capacity that has opened up over the past... 4th February 2010 · 1 min read
Europe Commercial Property Update Spanish retail rents: further to fall Spanish retail rents have held up surprisingly well given the severe downturn in the consumer sector. However, with unemployment at nearly 20%, household debt levels high and taxes set to rise this... 4th February 2010 · 1 min read
China Economics Update Will monetary growth fuel inflation? China’s money supply expanded rapidly last year, but its growth is already subsiding. With spare capacity still a problem, the ongoing pick-up in inflation is unlikely to last for long. 3rd February 2010 · 1 min read
