UK Housing Market Update Credit Conditions survey and PMI data don’t alter weak property outlook Today’s Credit Conditions survey from the Bank of England showed that the supply of mortgage finance appears to be slowly improving, but does not change our view that further price falls are very... 2nd July 2009 · 1 min read
BoE Watch Another £25bn on its way soon? We think that the Monetary Policy Committee (MPC) will extend its quantitative easing (QE) programme further within the next couple of months. The Committee may prefer to wait until August, to... 2nd July 2009 · 1 min read
Europe Economics Update Italian banks – weathering the storm better than most Italian banks have so far coped with the financial crisis better than most of their European peers. While this has not prevented a slowdown in lending, the problems in the supply of credit seem... 2nd July 2009 · 1 min read
Europe Economics Update ECB relying heavily on bank lending channel Despite weaker signs of recovery in the euro-zone than elsewhere, the ECB’s policy support remains considerably narrower than other central banks’. President Trichet suggested today that the Bank is... 2nd July 2009 · 1 min read
Asia Economics Focus Korean recovery to follow the West, not Asia While Korea is in much better shape to weather the 2008-09 global crisis than was the case during the Asian Financial Crisis of 1997-98, weak external demand and high domestic household indebtedness... 2nd July 2009 · 1 min read
UK Commercial Property Update Credit Conditions survey and PMI data don’t alter weak property outlook Today’s Credit Conditions survey from the Bank of England showed that the supply of mortgage finance appears to be slowly improving, but does not change our view that further price falls are very... 2nd July 2009 · 1 min read
Asia Chart Pack China on a risky path to recovery (Jul 09) Continued rapid loan growth in China makes the emergence of asset bubbles increasingly likely. Around a fifth of loans extended so far this year have been invested in the stock markets, according to... 2nd July 2009 · 1 min read
Europe Economics Update Swedish Riksbank not ready to take the next step, yet Despite tentative signs of green shoots appearing, the Swedish Riksbank reduced interest rates to 0.25% and remains committed to keeping them at this rate for a prolonged period. But for now at least... 2nd July 2009 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank not ready to take the next step, yet Despite tentative signs of green shoots appearing, the Swedish Riksbank reduced interest rates to 0.25% and remains committed to keeping them at this rate for a prolonged period. But for now at least... 2nd July 2009 · 1 min read
UK Economics Chart Pack Recession even deeper than thought The downward revision to GDP in the first quarter means that the recession has been even deeper than previously thought. The 2.4% quarterly drop in GDP means that output has now fallen by a total of 4... 1st July 2009 · 1 min read
