Norway’s economic data have been a touch weaker than Norges Bank expected recently, but not by enough to prompt a rate cut next week. We’re forecasting the next cut in March 2026.

The ECB’s decision to leave its deposit rate unchanged at 2.0% and offer no guidance on future rate decisions was as expected. The Bank is likely to take the same approach at forthcoming meetings too...

While growth picked up in Q3, our China Activity Proxy still suggests that the economy is expanding at a much weaker pace than official figures indicate. Export growth has continued to hold up well in...

The European Commission’s Economic Sentiment Indicators for Central and Eastern Europe (CEE) suggest that growth in the region as a whole held up relatively well at the start of Q4. But there has been...