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At last week's ECB meeting Christine Lagarde announced that the central bank has started out on a "journey" toward the normalization of monetary policy through a series of measures that it will take gradually over the next few months.
Home sales have been rallying since the second half of 2020, yet supply is barely growing. If the factors behind the sector’s sluggish recovery are not promptly addressed, the resulting pressure will push prices even higher.
At BBVA we introduced a new indicator built with Big Data, based on the appraisals used in the bank's regular activity, to strengthen price monitoring in the sector. In addition, we built a set of models to improve estimates in real time.
Latin America: gradual recovery in 2020-21, but a surge in uncertainty represents a risk
The recovery of growth in Latin America has not materialized for several quarters and the return to average growth rates above 2% has been consistently delayed. The second quarter of 2019 was no exception.