Emerging Europe Rapid Response Turkey Interest Rate Announcement (Jan.) 19th January 2023 · 2 mins read
UK Housing Market Data Response Credit Conditions Survey (Q4 2022) The Q4 2022 Credit Conditions Survey shows that while lenders tightened lending criteria in the aftermath of the “mini” budget, the main constraint on lending volumes was a collapse in demand due to... 19th January 2023 · 3 mins read
Nordic & Swiss Rapid Response Norges Bank Policy Announcement (January 2023) 19th January 2023 · 2 mins read
Europe Data Response Euro-zone Final HICP (December) The euro-zone has probably passed peak inflation as sharp declines in food and energy inflation are set to drag down the headline rate. But December’s final HICP data showed that underlying inflation... 18th January 2023 · 2 mins read
UK Commercial Property Update REIT pricing points to further fall in capital values Movements in REIT pricing provide a good indication of where property capital values are heading. And the latest data are consistent with our expectation that all-property values will see a peak-to... 18th January 2023 · 3 mins read
UK Data Response Consumer Prices (Dec.) The small drop in CPI inflation from 10.7% in November to 10.5% in December (consensus forecast 10.5%) and the unchanged core rate of 6.3% (consensus 6.2%) suggest the inflation battle is not yet won... 18th January 2023 · 3 mins read
Long Run Update Pouring cold water on the “petroyuan” The process of “global fracturing” that we outlined in our annual Spotlight series last year will remain the dominant macro theme for the next decade. But speculation that it will result in the rise... 17th January 2023 · 3 mins read
Europe Commercial Property Update Office downturn underway Office markets started to lose momentum at the end of last year and the expected weakness in employment this year suggests the slowdown will continue. That said, we think prime rents will avoid falls... 17th January 2023 · 3 mins read
Europe Data Response German ZEW Survey & Final HICP (Jan./Dec.) Economic sentiment in Germany improved further at the start of 2023 adding to the signs that the economy will hold up better than we feared. But with underlying price pressures still rising, tight... 17th January 2023 · 2 mins read
UK Data Response Labour Market (Nov./Dec.) Consistent with the economy proving to be more resilient than expected, November’s labour market data showed that conditions remained tight and wage growth stayed strong. This will add further weight... 17th January 2023 · 2 mins read
Europe Economics Update Spanish inflation will soon be below 2% The fall in Spanish gas and electricity prices that has already happened is likely to cause energy inflation to slump to minus 20% in the coming months and this in turn will pull headline inflation... 16th January 2023 · 2 mins read
UK Economics Update Drag from higher interest rates will soon intensify The recent resilience of the economy to the dual drags of high inflation and higher interest rates doesn’t mean the pain has been avoided. Instead, our analysis suggests that higher interest rates... 16th January 2023 · 4 mins read
