Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) March’s euro-zone monetary data underlined the continued weakness of the region’s financial system and will help to maintain the pressure on the ECB to ease monetary policy further over the coming... 29th April 2014 · 1 min read
Europe Economics Update Labour market still a constraint on Finland's recovery The prolonged deterioration in Finland’s labour market may finally be coming to an end, according to data published earlier this week. But we suspect that employment will pick up very slowly at best. 25th April 2014 · 1 min read
Nordic & Swiss Economics Update Labour market still a constraint on Finland’s recovery The prolonged deterioration in Finland’s labour market may finally be coming to an end, according to data published earlier this week. But we suspect that employment will pick up very slowly at best. 25th April 2014 · 1 min read
Europe Economics Update Five key questions on QE in the euro-zone The European Central Bank (ECB) appears finally to be seriously considering the option of implementing quantitative easing (QE). While we have long argued that QE in the euro-zone was a more likely... 22nd April 2014 · 1 min read
Europe Economics Update France’s reform effort inches forward Although France’s short-term outlook remains weak, the new French Government’s recent policy announcements provide hope that France is slowly tackling its significant competitiveness problems. 16th April 2014 · 1 min read
Europe Economics Update Can the ECB get the euro down? The ECB’s battle against deflation is turning into a fight to lower the euro exchange rate. But it is far from clear that the central bank will act sufficiently to bring the currency down far enough. 15th April 2014 · 1 min read
Europe Economics Update Austria’s recovery still faces obstacles Austria is likely to remain one of the best performing euro-zone core economies over the coming years. Even so, the banking sector remains a weak spot and is particularly exposed to an intensification... 15th April 2014 · 1 min read
Europe Economics Update ECB belatedly waking up to deflation dangers Recent speeches from officials suggest that the ECB has finally accepted that the threat of deflation in the euro-zone warrants further policy action. But it is far from clear that any action will be... 14th April 2014 · 1 min read
Europe Economics Update Greece's return to the market may not be all positive Greece’s successful bond issue highlights the progress that the country has made in recent years. But an increased use of market funding creates its own risks for Greece’s recovery. 10th April 2014 · 1 min read
Europe Economics Update Riksbank signals greater chance of a rate cut The Swedish Riksbank pushed back the date at which it expects to start raising interest rates and signalled that the probability of a rate cut in the near term has grown. We continue to think that low... 9th April 2014 · 1 min read
Nordic & Swiss Economics Update Riksbank signals greater chance of a rate cut The Swedish Riksbank pushed back the date at which it expects to start raising interest rates and signalled that the probability of a rate cut in the near term has grown. We continue to think that low... 9th April 2014 · 1 min read
Europe Economics Update ECB edging towards more action Although the ECB left policy on hold again today, President Draghi turned his dovish rhetoric up a further notch. With the economic recovery set to remain too weak to diminish the threat of deflation... 3rd April 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Mar.) Recently published data show that Italy and Spain made little headway in strengthening their fiscal positions in 2013, but Portugal exceeded its targets. More encouragingly, most of the periphery... 1st April 2014 · 1 min read
Europe Economics Update Cyprus: one year on Although the Cypriot economy has proven surprisingly resilient over the past year, its future still looks bleak. In common with a number of euro-zone economies, Cyprus is at risk of a prolonged period... 1st April 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Feb.) February’s weak euro-zone monetary data will add to pressure on the ECB to ease monetary policy further in the coming months. 27th March 2014 · 1 min read
Europe Economics Update Norwegian interest rates may be on hold until 2016 Although the Norges Bank left its monetary policy stance unchanged today, the Bank may yet need to push back its first projected interest rate hike from mid-2015 to 2016. 27th March 2014 · 1 min read