ECB Watch No hints of tighter policy The ECB will leave interest rates on hold at 1.0% at its November policy meeting and we do not expect it to announce any significant change in its policy of providing generous loans to the banking... 29th October 2009 · 1 min read
Europe Commercial Property Chart Pack Euro-zone investment market thawing out (Nov 09) The tightening of credit conditions in Europe may be coming to an end. Coupled with improved investor appetite, European property transactions are on the up. Signs of life are also emerging in some... 29th October 2009 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Oct.) There are still few signs that the ECB’s unlimited provision of liquidity to banks and improving conditions in the financial markets are prompting any pick-up in eurozone broad money and bank lending. 27th October 2009 · 1 min read
Europe Economics Update ECB still some way from the exit The ECB’s cautious tone in the press conference following its decision to leave interest rates on hold for the sixth consecutive month supports our view that any future tightening of policy conditions... 8th October 2009 · 1 min read
ECB Watch Maintaining a supportive stance The ECB will leave interest rates at 1.0% at its October policy meeting and is unlikely to signal any significant change in its supportive policy stance for the future. The Bank will probably argue... 1st October 2009 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Sep.) Today’s broad money data revealed that there are still few signs that the ECB’s provision of unlimited liquidity to banks is boosting broad money and credit growth. 25th September 2009 · 1 min read
Europe Economics Update Car production to remain in the doldrums On the face of it, the surge in euro-zone new car sales over recent months seems like good news for the region’s beleaguered vehicle producers. Nonetheless, we doubt that this will prompt much of a... 16th September 2009 · 1 min read
Europe Commercial Property Update Euro-zone commercial property still looks pricey relative to equities The stock market rally has pushed the equity dividend yield down, making euro-zone commercial property look more attractive relative to equities, on one measure at least. However, the spread of the... 15th September 2009 · 1 min read
Europe Economics Update Euro-zone recovery will be slow but steady The clear improvement in indicators of domestic activity and an upward revision to our forecast for the US have prompted us to raise our projection for euro-zone GDP growth next year. The recovery is... 9th September 2009 · 1 min read
Europe Economics Update ECB signals policy tightening a long way off After leaving interest rates unchanged at 1.0%, the ECB once again underlined its reluctance to follow other central banks in implementing bolder unconventional measures. Nonetheless, any tightening... 3rd September 2009 · 1 min read
ECB Watch Treating signs of recovery with caution The ECB will leave interest rates on hold at 1.0% at its September policy meeting and is very unlikely to announce any new unconventional policy measures. The Bank is likely to treat recent signs of... 28th August 2009 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Aug.) The latest euro-zone money figures provided little sign that the ECB’s recent continued provision of liquidity to banks has prompted them to increase their lending to the wider economy. 27th August 2009 · 1 min read
Europe Commercial Property Chart Pack Too soon to call an end to rising euro-zone yields (Aug 09) European investment transactions rose marginally in Q2, but remain very low. Although upward pressure on yields abated, we are not convinced that property is fairly valued yet. Occupier demand remains... 18th August 2009 · 1 min read
Europe Economics Update ECB holds its line After leaving interest rates unchanged at 1.0% at it August meeting, President Trichet suggested that the ECB is unlikely to adopt new measures to stimulate the economy in the immediate future. We... 6th August 2009 · 1 min read
Europe Economics Focus How much slack is there in the euro-zone? The damaging effects of the recession and financial crisis have almost certainly hit the euro-zone’s productive potential, suggesting that conventional estimates of spare capacity exaggerate the... 30th July 2009 · 1 min read
ECB Watch ECB sticking to its guns The ECB looks set to leave interest rates on hold at 1.0% at its August policy meeting and is very unlikely to announce any new measures to stimulate the economy. The Bank is biding its time for now... 30th July 2009 · 1 min read
