UK Commercial Property Update What do property/bond yield spreads imply for rental value growth? With 10-year bond yields averaging 3.65% over the past month and all-property initial yields at 7.7%, investors seem to be pricing property on the assumption that rental values in 10 years’ time will... 21st October 2009 · 1 min read
Asia Economics Update Bank of Thailand to stay in the slow lane The Bank of Thailand left policy interest rates on hold at 1.25% today, as was widely expected. Although the economic recovery is gaining some traction, there is little risk that inflation will... 21st October 2009 · 1 min read
Latin America Economics Update Tax changes unlikely to deter inflows to Brazil 20th October 2009 · 1 min read
UK Economics Update Monetary Indicators Monitor (Oct.) The narrow M0 measure of the money supply is still being kept high by the Bank of England’s asset purchases, but the broad money aggregates remain much weaker. That said, September’s figures on money... 20th October 2009 · 1 min read
Latin America Economics Focus Strong recovery to give way to a disappointing 2011 A combination of a strong recovery in the US and Asia, the recent pick-up in commodity prices and the resumption of capital inflows should ensure that Latin America’s economy expands at a healthy clip... 20th October 2009 · 1 min read
Global Economics Focus Is there still a serious deflationary threat? With the recovery in the global economy gaining momentum and conditions in many financial markets getting back to normal, the threat of deflation would seem to have receded. We agree that a full-blown... 20th October 2009 · 1 min read
UK Housing Market Update Australian experience does not alter the outlook for UK house prices In common with the UK, house prices in Australia have also staged a surprising recovery this year. Both markets suffer from structural housing supply shortages, so this could suggest that we are being... 20th October 2009 · 1 min read
Emerging Europe Economics Update Russia: $18bn government bond issue just the tip of the iceberg 19th October 2009 · 1 min read
Emerging Europe Economics Update Hungary: interest rate cuts will do little to lift economy 19th October 2009 · 1 min read
UK Economics Update Big-ticket items benefit most from rising consumer confidence The recent rise in consumer confidence may not be sustained. But for now, it is big-ticket items that seem most likely to benefit from the improvement in sentiment. 19th October 2009 · 1 min read
UK Economics Update Big-ticket items benefit most from rising consumer confidence The recent rise in consumer confidence may not be sustained. But for now, it is big-ticket items that seem most likely to benefit from the improvement in sentiment. 19th October 2009 · 1 min read
