Though the MPC raised Bank Rate for the third successive meeting, March's minutes revealed a clear change in tone. Growing concerns about the...
Japan | BoJ has little incentive to lead on policy normalisation
Posted by Shigeto Nagai on Mar 18, 2022
Today's BoJ policy meeting, as anticipated, maintained the monetary policy status quo. While higher energy and commodity prices are expected to raise...
Eurozone | There are several dovish caveats to ECB's faster QE tapering
Posted by Oliver Rakau on Mar 11, 2022
Despite the economic headwinds and much increased uncertainty stemming from the Russian invasion of Ukraine the ECB decided to accelerate its QE exit...
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...
China | CNY will benefit from its safe haven status
Posted by Tommy Wu on Mar 1, 2022
The renminbi (CNY) has demonstrated its resilience to global market volatility in recent months, holding steady against the US dollar and other...
United Kingdom | Population decline needn’t mean sub-par CRE returns
Posted by Mark Unsworth on Feb 7, 2022
Our population projections for the UK now show it declining from the late 2030s, which will impact demand for real estate. As a result, we have...
United Kingdom | Hawkish MPC signals aggressive pace of rate hikes
Posted by Andrew Goodwin on Feb 3, 2022
Alongside its decision to raise rates by 25bps to 0.5%, the MPC today sent an unmistakeably hawkish message, and we now expect further 25bp hikes in...
Canada | Rates are headed up, but slower than markets expect
Posted by Tony Stillo on Feb 3, 2022
The Bank of Canada removed its forward guidance in January and clearly signalled an imminent tightening of monetary policy. Assuming a swift end to...
Global | Key Themes for Cities in 2022
Posted by Richard Holt on Jan 24, 2022
Against a helpful macroeconomic background, albeit with risks, city economies will continue to recover in 2022. GDP growth will mostly be slower than...
Eurozone weekly economic briefing | High inflation keeps fuelling debates
Posted by Daniela Ordonez on Jan 21, 2022
With eurozone inflation confirmed at a record-high of 5.0% y/y in December, the debate over how long upward price pressures will continue returned to...