Despite the economic headwinds and much increased uncertainty stemming from the Russian invasion of Ukraine the ECB decided to accelerate its QE exit...
United Kingdom | The supply shock continues
Posted by Andrew Goodwin on Mar 11, 2022
The last week has delivered little let-up in the energy price-driven supply shock to the UK economy triggered by Russia's invasion of Ukraine....
United Kingdom | While March rate hike remains on table, tone to be cautious
Posted by Andrew Goodwin on Mar 10, 2022
Surging energy prices have complicated the MPC's March policy decision. On balance, we still think the committee will raise Bank Rate to 0.75%, but a...
Europe | NBP hikes rates amid falling PLN and higher inflation prospects
Posted by Mateusz Urban on Mar 9, 2022
The National Bank of Poland (NBP) hiked its policy rate by 75bps at yesterday's meeting, bringing it to 3.5%. Although a continuation of monetary...
Eurozone | Durable goods will turn deflationary only in 2023
Posted by Oliver Rakau on Mar 7, 2022
Up until recently there had been growing signs that the forces that lifted durable goods prices last year had begun weakening or even reversing. But...
US | Supply chain stress is poised to intensify
Posted by Oren Klachkin on Mar 7, 2022
US supply chain stress tracker brought bad news in February. Inflation took up the baton from transportation and now represents the most stressed...
United Kingdom | Rising uncertainty set to limit scale of rate hikes
Posted by Andrew Goodwin on Mar 4, 2022
The week’s data showed further evidence of a decent bounce back in activity after the initial emergence of Omicron, and that inflationary pressures...
US | As Omicron fades, Recovery Tracker gains
Posted by Oren Klachkin on Mar 4, 2022
The US Recovery Tracker rose 1.3ppts to 98.4 in the week ended February 18, its highest level in two months as the spread of the Omicron variant...
United Kingdom | Housing market to cool after 2021 boom
Posted by Andrew Goodwin on Mar 2, 2022
We expect the UK housing market to remain stuck in a state of high prices-low transactions. Though price growth should cool, a soft landing is more...
Eurozone | A change of fortune across EU industries looms
Posted by Daniel Kral on Mar 1, 2022
Industrial performance across Europe has varied widely in the wake of the pandemic. The main laggards, Germany and France, have shaped the overall...