Nordic & Swiss

Nordic & Swiss Central Bank Watch

Nordic & Swiss Central Bank Watch

Two banks, heading in different directions

We expect both the Swiss National Bank and Norges Bank to leave interest rates on hold next Thursday. But while rate hikes by the SNB are many years away, a tightening cycle in Norway is edging closer.

11 June 2021

Nordic & Swiss Central Bank Watch

Countdown to lift-off continues

The Norges Bank is set to leave rates on hold at zero next Thursday, but the countdown to lift-off is ticking and tighter macroprudential policy to counter momentum in the housing market looms.

29 April 2021

Nordic & Swiss Central Bank Watch

Riksbank happy to bide its time next week

The Riksbank is all but certain to leave its repo rate on hold next Tuesday (27th April), and will stick to the plan to spend the entire SEK 700 billion asset purchase envelope by the end of the year. The stage is set for a prolonged period of policy stasis.

20 April 2021
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Nordic & Swiss Central Bank Watch

Weaker franc doesn’t change the picture for the SNB

The Swiss National Bank will have cheered on the recent fall in the franc against the euro. However, policymakers are unlikely to offer up any surprises at the policy announcement next Thursday.

18 March 2021

Nordic & Swiss Central Bank Watch

Preparing for lift-off

The Norges Bank will probably leave its key interest rate on hold at zero next Thursday, but we expect it to adopt a much more hawkish tone than it has up to now. It might also announce a re-tightening of macroprudential policy to try to counter momentum in the housing market.

11 March 2021

Nordic & Swiss Central Bank Watch

Riksbank to keep its powder dry for now

The Riksbank is highly likely to leave its repo rate and other policy settings on hold next Wednesday (10th February), but we expect it to beef up its asset purchase programme again before long.

Nordic & Swiss Central Bank Watch

Norges Bank eyeing tighter macroprudential policy

The Norges Bank will almost certainly leave its key interest rate on hold at zero next Thursday, but there is an outside chance that it could start to re-tighten macroprudential policy to tame the housing market.

Nordic & Swiss Central Bank Watch

SNB & Norges Bank set to maintain the status quo

We do not expect the Swiss National Bank or the Norges Bank to throw up any festive surprises at their final policy announcements of the year next Thursday (17th December). Vaccines point to brighter times next year, but we still think that both will leave interest rates on hold throughout our forecast horizon.

10 December 2020
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