Europe Economics Update ECB's survey points to slower pace of credit tightening The Fed’s latest Senior Loan Officer Survey suggested that constraints on the supply of credit in the US have eased in the second quarter. (See our US Economics Update “Fed’s survey suggests credit... 5th May 2009 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Apr.) The latest euro-zone money data suggest that the ECB’s liquidity provisions are doing nothing to boost broad money growth in the region. This will increase the pressure on the ECB to announce bold... 29th April 2009 · 1 min read
Emerging Europe Economics Focus Emerging Markets - another disaster? Both Latin America and Emerging Europe will enter deep recessions this year and, in the absence of a strong global recovery, the pain is likely to extend well into 2010. But whereas Latin America has... 28th April 2009 · 1 min read
UK Economics Update Monetary Indicators Monitor (Apr.) Now that the Monetary Policy Committee has entered the uncharted waters of quantitative easing, the monetary indicators have moved to the top of the watchlist. In this UK Economics Update, which we... 22nd April 2009 · 1 min read
Europe Economics Update Germany making only slow progress on bank support The German Government’s plans for further measures to support the banking sector might sound broadly encouraging, particularly as banks there have so far not suffered as much as those elsewhere. But... 21st April 2009 · 1 min read
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
Japan Economics Update Bank of Japan adds to its armoury Today’s announcement that the Bank of Japan is willing to provide subordinated loans to banks continues the drip-feed of unconventional policy measures it has introduced since October. The latest... 17th March 2009 · 1 min read
UK Economics Focus Lending measures will not fill the hole Lending by those banks which are either wholly or partially state-owned is set to rise significantly. But we continue to doubt that overall lending is on track to grow at the rates needed to get the... 16th 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
Emerging Europe Economics Focus What can be done to stop the rot? We think a pan-regional IMF or EU-led bailout fund offers the best way out of the bout of indiscriminate selling that has gripped markets in the Emerging Europe in recent weeks. But for now, at least... 6th March 2009 · 1 min read
Emerging Europe Economics Focus Time to tear up the growth model? While we expect Emerging Europe to suffer a much more severe recession than most other analysts, talk that its growth model is fundamentally broken seems premature. We think that the region could... 4th March 2009 · 1 min read
