Denmark charts new course as the SNB steams ahead

While lockdowns are being tightened and/or extended in much of mainland Europe, the attention in Denmark is shifting towards easing restrictions, which should allow activity there to rebound sooner than in much of the continent. Next week, the releases of the ETI from Sweden and Swiss KOF are likely to show that activity continued to be resilient in March, while temporary factors are likely to have pushed Swiss inflation higher in the same month.