Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) The latest euro-zone money supply figures further support the view that the ECB’s injections of short-term liquidity into the banking sector will not be sufficient on their own to encourage banks to... 26th March 2009 · 1 min read
Europe Economics Update Norwegian rates close to their trough The Norges Bank’s decision to cut interest rates by a further 50 basis shows that it remains committed to preventing a major economic downturn. But with the economy set to experience a much milder... 25th March 2009 · 1 min read
Nordic & Swiss Economics Update Norwegian rates close to their trough The Norges Bank’s decision to cut interest rates by a further 50 basis shows that it remains committedto preventing a major economic downturn. But with the economy set to experience a much... 25th March 2009 · 1 min read
Europe Economics Update Italian industrial downturn has much further to run At first sight, the latest industrial production figures from Italy suggest that the sector may be weathering the global economic downturn rather better than some of the other major euro-zone... 18th March 2009 · 1 min read
Europe Economics Update Swiss National Bank joins the unconventional club The SNB’s decision to cut interest rates to 0.25%, provide more liquidity to the banking sector, intervene in currency markets and purchase bonds from the private sector, pushes it towards the top of... 12th March 2009 · 1 min read
Nordic & Swiss Economics Update Swiss National Bank joins the unconventional club The SNB’s decision to cut interest rates to 0.25%, provide more liquidity to the banking sector, intervene in currency markets and purchase bonds from the private sector, pushes it towards the top of... 12th March 2009 · 1 min read
Europe Economics Update ECB moving towards unconventional policy Following the expected 50bp interest rate cut to 1.5%, the ECB made some broadly encouraging comments about further policy support to come. No plan is in place for quantitative easing, but the Bank... 5th March 2009 · 1 min read
Europe Economics Update Money data confirm banks' reluctance to lend The latest euro-zone money data provide further worrying signs that the credit crunch is tightening its grip on the wider economy. Looking ahead, falling bank capital looks set to prompt a sustained... 26th February 2009 · 1 min read
Europe Economics Update Economic downturn hits the Spanish public finances The latest news on the Spanish public finances shows that the hard economic landing is certainly taking its toll on the Government’s coffers. What’s more, it looks increasingly likely that a... 24th February 2009 · 1 min read
Europe Economics Update Emerging Europe concerns likely to intensify Concerns over Western banks’ exposure to Emerging Europe look likely to intensify as the news from the region continues to deteriorate. Both the euro and the Swedish krona could suffer further as a... 18th February 2009 · 1 min read
Europe Economics Update European Commission talking tough on SGP The European Commission is expected to launch official procedures against France, Spain, Greece and Ireland tomorrow for their breach of the Stability and Growth Pact (SGP). Each country will surely... 17th February 2009 · 1 min read
Europe Economics Update Southern European economies still set to fare the worst GDP data for Q4 showed the German economy contracting more sharply than that of any other euro-zone country. But while Germany is clearly suffering a deep recession, there are still good reasons to... 16th February 2009 · 1 min read
Europe Economics Update Swedish interest rates heading towards zero The recent run of dreadful news from Sweden has forced the Riksbank to rip up its previous interest rate forecasts and cut interest rates from 2.0% to 1.0%. We now expect the economic recession to... 11th February 2009 · 1 min read
Europe Economics Update Swiss bank losses point to severe recession The record loss reported by UBS yesterday provides further support for our long-held view that the Swiss economy will suffer heavily from its reliance on the financial services sector. This suggests... 11th February 2009 · 1 min read
Nordic & Swiss Economics Update Swiss bank losses point to severe recession The record loss reported by UBS yesterday provides further support for our long-held view that the Swiss economy will suffer heavily from its reliance on the financial services sector. This suggests... 11th February 2009 · 1 min read
Nordic & Swiss Economics Update Swedish interest rates heading towards zero The recent run of dreadful news from Sweden has forced the Riksbank to rip up its previous interest rate forecasts and cut interest rates from 2.0% to 1.0%. We now expect the economic recession to... 11th February 2009 · 1 min read
