Europe Rapid Response Swiss National Bank Policy Meeting (Sept. 2024) The SNB’s decision to cut its policy rate by 25bp to 1.0% today shows that it prefers a gradual approach to policy loosening, but the accompanying statement indicates clearly that further cuts are on... 26th September 2024 · 2 mins read
Europe Economics Update Riksbank won’t cut as far as it expects The Riksbank’s decision to cut by 25bp today to 3.25% was all but guaranteed, but the accompanying statement was surprisingly dovish. Policymakers said the policy rate could be cut faster and further... 25th September 2024 · 3 mins read
Europe Rapid Response Riksbank Policy Announcement (September 2024) 25th September 2024 · 2 mins read
Europe Commercial Property Outlook Industrial to outperform as muted recovery gets underway After two disappointing years, commercial property values have stabilised. However, the recovery is set to be weak. We think yield falls in the coming years will be small compared to previous... 23rd September 2024 · 28 mins read
Europe Economics Update SNB to match Fed’s bumper rate cut We think SNB Chairman Thomas Jordan will probably use his last meeting to once again surprise markets by cutting the policy rate by 50bp to 0.75%. Policymakers will be unhappy with the franc’s recent... 19th September 2024 · 5 mins read
Europe Economics Update Norges Bank still hawkish The Norges Bank left rates unchanged today and shifted its guidance only very slightly in a dovish direction. Whereas the Bank does not expect to cut rates until Q1 next year, we think it is likely to... 19th September 2024 · 3 mins read
Europe Economics Update Riksbank to continue loosening policy this year Unlike their counterparts in the Fed, policymakers at the Riksbank have ruled out making a bumper 50bp rate cut anytime soon. Instead, they are likely to cut their key policy rate by 25bp at next week... 18th September 2024 · 5 mins read
Europe Economic Outlook Economy slowing again The euro-zone appears to have lost some momentum and is likely to remain sluggish in the coming quarters. The core economies are the weakest, led by Germany which is probably in another technical... 18th September 2024 · 28 mins read
Europe Economics Update Norges Bank to leave door open for December rate cut Inflation keeps falling more quickly than Norges Bank’s forecasts but policymakers will be uneasy about the renewed weakening of the krone. We expect them to repeat that the policy rate will be... 12th September 2024 · 2 mins read
Europe Chart Pack Europe Chart Pack (Sep. 2024) Economic growth in the euro-zone slowed in Q2 and timelier data suggest that it weakened further in Q3. That, together with the further fall in wage growth and headline inflation, all but guarantees... 6th September 2024 · 1 min read
Europe Commercial Property Update Worst of online drag is over, especially in the south Recent estimates add to the evidence that online retail shares are growing more slowly across Europe. There has also been little sign of convergence in online shares, supporting our long-held view... 3rd September 2024 · 3 mins read
Europe Economics Weekly Taking stock of the euro-zone’s Q3 performance so far At this stage, we have no significant hard data with which to assess economic activity in the euro-zone in Q3. But the signs from the business surveys are not promising. Meanwhile, the minutes of the... 30th August 2024 · 7 mins read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q3 2024) A stabilisation of property yields and solid rent growth mean that euro-zone all-property values increased in Q2 for the first time in two years. However, market sentiment remains very weak and... 23rd August 2024 · 0 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q3 2024) Commercial property valuations worsened slightly in Q2 across all sectors as bond yields rose while property yields held steady. However, the decline in government bond yields so far in Q3 means... 20th August 2024 · 0 mins read
