UK Housing Market Update RICS Residential Market Survey (May.) The significant improvement in the RICS survey in May echoed the pause in house price falls in the past few months. But the survey also showed an increase in supply, which could make prices more... 8th June 2023 · 3 mins read
Event Drop-In: Unpacking the Fed, ECB and BoE June meetings 15th June 2023, 3:00PM BST What will major advanced economy central banks decide at their June meetings, and how will those decisions be messaged?
Europe Economics Update TLTRO redemptions to reduce banks’ liquidity More than €1trn of TLTROs will be redeemed over the next eighteen months, significantly reducing euro-zone banks’ liquidity and pushing up their funding costs as they adjust their balance sheets... 7th June 2023 · 5 mins read
Emerging Europe Economics Update Turkey needs a significant adjustment in the lira Signs that newly re-elected Turkish president Erdogan is willing to move away from unorthodox economic policies has led to an increase in investor optimism towards his country. These developments are... 7th June 2023 · 4 mins read
Europe Data Response German Industrial Production (Apr.) The disappointingly small rebound in German industrial production in April suggests that the boost from lower energy prices and improved global supply conditions at the beginning of the year has run... 7th June 2023 · 2 mins read
UK Economics Update Why is the UK economy lagging behind? Many of the factors that explain the UK’s chronically weak GDP growth since the pandemic, such as the shrinking of the UK’s workforce and low export growth, won’t disappear any time soon. This... 6th June 2023 · 6 mins read
Europe Commercial Property Update Manufacturing headwinds for German industrial rents Early 2023 data revealed that the German industrial market has slowed considerably following the exuberance of a year ago. And looking ahead the outlook is not much brighter. We were already... 5th June 2023 · 3 mins read
UK Economics Update Fall in job vacancies across sectors needs to go further The recent decline in the number of job vacancies suggests that the upward pressure on wage growth from labour shortages is probably past its peak. But it’s still not clear that wage growth will slow... 5th June 2023 · 4 mins read
Europe Data Response Switzerland CPI (May.) Another sharp fall in headline and core inflation in May brought Switzerland within touching distance of the 0-2% range the SNB equates with price stability. But with recent comments from Chairman... 5th June 2023 · 2 mins read
Europe Economics Weekly Euro-zone inflation falling; Sweden set for recession Data published this week showed that euro-zone core inflation fell for the second consecutive month in May, but it still looks likely that the ECB will raise interest rates again in June and probably... 2nd June 2023 · 12 mins read
Emerging Europe Economics Weekly Policy credibility in Turkey, bleak CEE GDP data The latest developments in Turkey – including the expected appointment of former finance minister Mehmet Simsek to the cabinet – provide encouraging signs that President Erdogan will moderate his... 2nd June 2023 · 9 mins read
UK Economics Weekly Some signs that higher interest rates are working Higher interest rates appeared to have started to take a bigger toll on bank lending in April and on businesses’ inflation expectations in May. These data will have reassured the Bank of England that... 2nd June 2023 · 4 mins read
Capital Daily EZ downside inflation surprise points to more euro weakness While we suspect that interest rate differentials between the euro-zone and the US might start to put a degree of upward pressure on euro-zone government bond yields and the euro, we think that the... 1st June 2023 · 7 mins read
