Europe Chart Pack Limited Brexit impact, but growth slowing nonetheless The UK’s Brexit vote does not appear to have had a marked adverse impact on the euro-zone economy so far as the main survey indicators rose slightly in July. But Q2 GDP data confirmed that economic... 4th August 2016 · 1 min read
Global Economics Chart Pack World economy shrugs off Brexit vote The initial evidence suggests that the UK’s vote to leave the EU has caused its economy to slow sharply. That has already prompted the Bank of England to ease policy, and we suspect it will cut rates... 4th August 2016 · 1 min read
UK Housing Market Update Will the MPC inject fresh life into the housing market? Today’s measures from the MPC met our expectations. And while mortgage interest rates are now likely to fall a little further, uncertainty amongst buyers means that this is unlikely to give lending... 4th August 2016 · 1 min read
Europe Commercial Property Update Turkey’s failed coup adds pressure for retail rents to fall With heightened uncertainty stemming from last month’s failed coup attempt in Turkey, a slowdown in economic growth and further weakness in the lira will put downward pressure on prime Istanbul retail... 4th August 2016 · 1 min read
Emerging Europe Data Response Russia CPI (Jul.) The larger-than-expected fall in Russian inflation to 7.2% y/y in July suggests that – barring an upside surprise in this month’s CPI figure – the central bank will resume its easing cycle at the next... 4th August 2016 · 1 min read
UK Commercial Property Update Could monetary policy prop up capital values? As expected, the MPC today voted to cut Bank Rate by 25bps to 0.25% and to restart its asset purchase programme. This should underpin the recent movements in sterling, gilt yields, and equities, and... 4th August 2016 · 1 min read
Emerging Europe Economics Update Czech and Romanian MPCs remain in dovish mood The Romanian MPC’s press conference was a little more dovish than we had anticipated, but robust domestic demand and rising inflation mean gradual interest rate hikes still seem more likely than not... 4th August 2016 · 1 min read
UK Economics Update The MPC delivers & signals more to come The Bank of England’s Monetary Policy Committee (MPC) today made good on its pledge at July’s meeting to implement a package of policy measures to cushion the economy from the adverse effects of the... 4th August 2016 · 1 min read
Latin America Economics Update Few signs of financial stress as credit bubbles deflate Our latest Banking Heat Map shows that Latin America’s credit bubbles are gradually deflating and so far this does not appear to have triggered widespread problems in the region’s banking sectors. Non... 4th August 2016 · 1 min read
India Economics Update GST reform a major step forward The passage of a long-awaited Goods and Service Tax (GST) yesterday by India’s parliament is arguably one of the country’s most important economic reforms of the past couple of decades and should... 4th August 2016 · 1 min read
China Economics Update PBOC probably won’t cut rates or the RRR anytime soon Concerns about growing credit risks mean that the People’s Bank has good reason to hold off from another round of broad easing measures until clear signs of a renewed downturn emerge. 4th August 2016 · 1 min read
Europe Economics Update How is Ireland’s economy holding up after the Brexit vote? The early signs are that while the euro-zone economy has been largely unharmed by the UK’s vote for Brexit, the Irish economy, which has particularly strong trade links with the UK, has taken a hit... 4th August 2016 · 1 min read
Precious Metals Update Weaker currencies continue to sustain supply The prices of precious metals in US dollar terms are back to the level seen at the beginning of 2010, with the exception of platinum, which has fallen sharply during the period. However, production... 4th August 2016 · 1 min read
Australia & New Zealand Data Response Australia Retail Sales (Jun.) The weaker-than-expected rise in real retail sales in the second quarter points to a slowdown in consumption growth and adds to the mounting evidence that GDP growth weakened significantly, perhaps to... 4th August 2016 · 1 min read
India Economics Update Monsoon impact on inflation limited July’s consumer price inflation data is likely to show that the headline rate edged down but remained some way above the Reserve Bank’s 5.0% target for March 2017. Suggestions from many commentators... 4th August 2016 · 1 min read
