Europe Rapid Response Sweden CPI (March) Despite easing in March, CPIF inflation excluding energy remained elevated and is likely to remain high throughout this year. We are forecasting the Riksbank to keep its policy rate at 2.25% over that... 4th April 2025 · 1 min read
Europe Rapid Response Swiss CPI (March) Switzerland’s inflation rate was unchanged in March, but that news has been overshadowed by the much higher-than-expected tariffs announced by the US on Swiss goods yesterday which weaken the outlook... 3rd April 2025 · 2 mins read
Europe Rapid Response Euro-zone HICP (March 2025) March’s big decline in euro-zone services inflation strengthens the case for the ECB to cut interest rates at the meeting on 17 th April. 1st April 2025 · 2 mins read
Europe Rapid Response Germany Flash HICP (March) National inflation figures released so far suggest that euro-zone headline inflation edged down in March. Services inflation probably also fell, which will please ECB officials. 31st March 2025 · 1 min read
Europe Rapid Response EC Survey (March 2025) The EC survey for March shows a deterioration in business and consumer sentiment in the euro-zone, consistent with GDP doing little more than stagnate in Q1. This is a reminder that while sentiment in... 28th March 2025 · 2 mins read
Europe Rapid Response Germany Ifo Survey (March 2025) The Ifo Business Climate Index (BCI) and other surveys for March confirm that the prospect of fiscal stimulus is boosting sentiment in Germany and outweighing concerns about US tariffs for now. But... 25th March 2025 · 2 mins read
Europe Rapid Response Euro-zone Flash PMIs (March 2025) February’s Flash Composite PMI provides more evidence that, after expanding by only 0.1% in Q4, the euro-zone economy remains all but stagnant in Q1. 24th March 2025 · 3 mins read
Europe Rapid Response Euro-zone Industrial Production (January 2025) The increase in euro-zone industrial production in January does not change the fact that output remains well below its levels prior to the energy crisis. And survey data suggest the sector will... 13th March 2025 · 2 mins read
Europe Rapid Response ECB Policy Announcement (March 2025) The ECB’s decision to cut its deposit rate from 2.75% to 2.50% today came alongside new language which shows that policymakers are becoming less certain about the future path of interest rates. Looser... 6th March 2025 · 2 mins read
Europe Rapid Response Sweden CPI (February) CPIF inflation rose in February to 2.9%, supporting our view that the Riksbank’s loosening cycle is over. 6th March 2025 · 1 min read
Europe Rapid Response Swiss CPI (February) While we still think the SNB is most likely to err on the side of caution and cut its policy rate by a further 25bp on the 20 th March, higher than expected inflation in February increases the chance... 5th March 2025 · 2 mins read
Europe Rapid Response German fiscal announcement The announcement by Germany’s Chancellor-in-waiting, Friedrich Merz, that the parties which are likely to form the next government have agreed to substantially boost defence and infrastructure... 4th March 2025 · 2 mins read
