Global Central Bank Watch Gradually scaling back support despite low inflation Despite the fact that core inflation in advanced economies has generally remained very low, policymakers are committed to reducing policy support and/or raising interest rates next year. Fed officials... 28th November 2017 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Oct.) Euro-zone lending growth strengthened in October, and with the ECB set to normalise monetary policy only very slowly, we think that bank lending will continue to support the economic recovery. 28th November 2017 · 1 min read
UK Economics Update FPC gives clean bill of health to banking system The Bank of England’s Financial Policy Committee (FPC) gave a fairly upbeat assessment of the banking system in November’s Financial Stability Report that suggests that the financial sector would... 28th November 2017 · 1 min read
EM Valuations Monitor Low EM credit spreads may last a while longer Even though emerging market (EM) credit spreads are generally very low by past standards, we do not think that a surge is around the corner. 28th November 2017 · 1 min read
Asia Economics Update Bank of Korea set to hike rates despite worries over won Concern over the recent strength of the won is unlikely to stop the Bank of Korea (BoK) from hiking interest rates at its meeting on Thursday, but it is likely to prompt the authorities into resuming... 27th November 2017 · 1 min read
Global Markets Update Would a faltering US stock market spark contagion? The US stock market has now bounced back from a recent wobble. However, with the S&P 500 around a record high, it is still worth asking when the next significant and sustained correction might... 27th November 2017 · 1 min read
UK Economics Update Budget provides a little relief to households While the Chancellor gave households something to cheer in last week’s Budget, the big picture is that austerity still has further to run. Moreover, the OBR’s new-found pessimism regarding future... 27th November 2017 · 1 min read
US Housing Market Data Response New Home Sales (Oct.) Following a large jump in September, new home sales surprised on the upside again in October with a gain of 6.2% m/m pushing sales to a 10-year high. But that boost to activity has weighed on... 27th November 2017 · 1 min read
Middle East & North Africa Economics Update Saudi downturn probably gathered pace in Q3 Saudi Arabia’s economic downturn appears to have deepened in Q3 on the back of a steeper year-on-year fall in oil production. That said, even if OPEC decides to extend its oil production cuts at its... 27th November 2017 · 1 min read
Energy Watch OPEC likely to extend output cuts The oil market is largely expecting OPEC to extend its production deal until the end of 2018 at its meeting at the end of November. This Energy Watch will look at some of the options available to the... 27th November 2017 · 1 min read
Japan Economics Update Will the Bank of Japan soon start to tighten? Recent comments by BoJ Board members have trigged speculation that the Bank is considering a gradual withdrawal of monetary stimulus, in part to help Japan’s banks. But with inflation still rooted... 27th November 2017 · 1 min read
Metals Data Response China and India gold imports (Oct.) The latest trade data for India and China show that gold imports remained weak in October. We had always thought that demand in India would soften in the second half of the year as a result of the new... 27th November 2017 · 1 min read
UK Commercial Property Chart Pack Capital value recovery continues It generally takes some time before changes in macroeconomic conditions are reflected in the property data. Thus, it’s not unusual for the tone of the economic and property data to differ as they did... 27th November 2017 · 1 min read
Frontier Markets Wrap Political turmoil rocks frontiers Frontier markets have been gripped by political upheaval in recent weeks. In the largest frontier economy, Saudi Arabia, Crown Prince Mohammed bin Salman (known as MbS) has overseen a high-profile... 24th November 2017 · 2 mins read
Nordic & Swiss Economics Update Swedish house prices to stabilise next year We think that concerns about the Swedish housing market are overblown. While house prices are likely to edge down further in the coming months, we expect them to stabilise next year. 24th November 2017 · 1 min read
