Emerging Europe Chart Pack

Emerging Europe Chart Pack (Oct. 2025)

Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data suggest that GDP growth in Central and Eastern Europe generally remained...

23rd October 2025 · 1 min read

UK Economics Rapid Response

UK Consumer Prices (Sep. 2025)

We doubt that the lower peak in CPI inflation than most feared will prompt the Bank of England to cut interest rates from 4.00% at its next policy meeting on 6th November. At 3.8% in September, CPI...

22nd October 2025 · 3 mins read

UK Economics Update

Food inflation is close to its peak

We think food inflation is close to its peak and that it will fall next year. Not only will this help to bring down CPI inflation, it will also assist in easing inflation expectations. This may...

21st October 2025 · 5 mins read

UK Commercial Property Chart Pack

UK Commercial Property Chart Pack (Oct. 25)

Rental growth has continued to surprise on the upside, but signs of a more significant compression of yields in August have not carried through to September. Capital value growth is therefore muted...

21st October 2025 · 1 min read

Emerging Europe Rapid Response

Hungary Interest Rate Announcement (Oct.)

The Hungarian central bank (MNB) delivered no surprises in leaving its base rate on hold today, at 6.50%, and we continue to think that the easing cycle will remain on pause this year. While we had...

21st October 2025 · 2 mins read

UK Economics Rapid Response

UK Public Finances (Sep. 2025)

September’s figures highlight the poor performance of the public finances even though the economy hasn’t been terribly weak. This supports our view that the Chancellor will need to raise about £27bn...

21st October 2025 · 3 mins read

Commodities Update

EU’s Russian energy ban formalises shift in supply

In light of today’s confirmation that the EU will completely phase out Russian LNG and pipeline natural gas imports by end-2026 and September 2027, respectively, this is an updated version of an...

20th October 2025 (Updated 26th January 2026) · 4 mins read

Event

Drop-In: The Fed, ECB and Bank of England – Latest decisions and policy outlook

30th October 2025, 3:00PM GMT

Our senior economists hosted this 20-minute session to review the latest Fed and ECB decisions and preview the Bank of England’s November meeting.

Europe Commercial Property Update

CE lead indicator points to euro-zone capital value slowdown

Our new CE Capital Value Lead Indicator for the euro-zone is consistent with our latest forecast view that prime all-property capital value growth will slow to below 5% y/y by year-end.

20th October 2025 · 3 mins read

Event

UK Drop-In: Peak inflation? September CPI and the outlook for policy

22nd October 2025, 9:30AM BST

Our UK team hosted a 20-minute online briefing to unpack the latest CPI data, discuss the implications for inflation and policy and explain how they shape our non-consensus Bank Rate

Europe Economics Update

SNB heading for negative rates (but no others following)

We think it is just a matter of time before the SNB returns to negative policy rates as inflation is close to zero and geopolitical risks may put upward pressure on the franc. But negative rates will...

20th October 2025 · 3 mins read

UK Economics Weekly

Is this peak inflation?

If we’re right in expecting Wednesday’s release to reveal that CPI inflation jumped to more than double the 2.0% target in September, then the UK’s reputation for controlling inflation will be...

17th October 2025 · 9 mins read

Europe Economics Weekly

Small fiscal loosening in the euro-zone next year

Draft 2026 budget plans submitted to the European Commission this week point to a moderate loosening of fiscal policy next year. In practice we think that the degree of policy loosening will be...

17th October 2025 · 5 mins read

UK Commercial Property Update

How concerning is the rise in ‘extend and pretend’ for UK commercial property loans?

The surge in net lending by banks to commercial property firms may in part reflect borrowers being forced to refinance loans on buildings they have been unable to sell. But in contrast to the GFC...

17th October 2025 · 4 mins read

Emerging Europe Economics Weekly

Gaza ceasefire holding, Russia-India energy relations

The ceasefire between Israel and Hamas remained intact this week, but the road to a lasting peace looks fragile. Meanwhile, we still think that an interest rate cut by the Bank of Israel next month...

17th October 2025 · 9 mins read