Europe Rapid Response ECB Policy Announcement (March 2026) The ECB’s press release and updated forecasts suggest that policymakers think that the inflationary effects of higher energy prices will outweigh the disinflationary effects of weaker economic growth... 19th March 2026 · 2 mins read
Europe Rapid Response SNB Monetary Policy decision (March 2026) The SNB left its policy rate unchanged at zero today and nudged up its inflation forecast trivially. Otherwise, its commentary underlines the Bank’s willingness to intervene to limit upward pressure... 19th March 2026 · 2 mins read
Europe Rapid Response German Industrial Production (January) The falls in German industrial production in January and December erased most of the recovery seen in the previous months and left output close to its post-pandemic low. With the current spike in... 9th March 2026 · 2 mins read
Europe Rapid Response Euro-zone HICP (February 2026) February’s jump in core inflation, together with the increases in oil and gas prices since the weekend, reduce the chance of the ECB cutting interest rates this year. But as things stand, we don’t... 3rd March 2026 · 2 mins read
Europe Rapid Response EZ national inflation data (February) National inflation data released so far suggest that euro-zone headline inflation rose in February and that the core and services rate s were little changed. That is unlikely to change the ECBs... 27th February 2026 · 2 mins read
Europe Rapid Response Euro-zone EC Survey (February 2026) February’s EC survey suggests that the economy is expanding at a decent pace and that price pressures in the services sectors are still fairly strong. But the labour market is still loosening. While... 26th February 2026 · 2 mins read
Europe Rapid Response Germany Ifo Survey (February 2026) Although the German Ifo remained quite weak in February, we still think economic conditions in Germany are improving. And for now at least, it seems mostly likely that the US Supreme Court ruling and... 23rd February 2026 · 2 mins read
Europe Rapid Response Euro-zone flash PMIs (February) February’s flash PMIs support the view that activity in the euro-zone economy is growing at a reasonable pace, led by a pick-up in Germany, and that price pressures remain too high for the ECB to... 20th February 2026 · 2 mins read
Europe Rapid Response ECB President Suggestions that Christine Lagarde may leave the ECB before the end of her term do not have any immediate implications for monetary policy. But the story shows that European politicians (like those... 18th February 2026 · 3 mins read
Europe Rapid Response Swiss Flash GDP (Q4 2025) The 0.2% q/q rise in sporting event adjusted GDP in Q4 was a bit smaller than we expected (+0.5%). This may be partly because the 39% tariff imposed on Switzerland by the US was only reduced to 15%... 16th February 2026 · 2 mins read
Europe Rapid Response Swiss CPI (January) Swiss inflation remained at 0.1% in January and we expect it to undershoot the consensus forecast and stay around zero for the rest of the year. Combined with the strength of the franc, we think this... 13th February 2026 · 2 mins read
Europe Rapid Response German Industrial Production (December) The slump in German industrial production in December pours cold water on the hopes of an industrial recovery. And though the recent pick-up in industrial orders suggests the outlook for the start of... 6th February 2026 · 2 mins read
Europe Rapid Response Euro-zone HICP (January 2026) January’s declines in headline and core inflation left both below the ECB’s forecasts for Q1. This is consistent with our view that inflation will be lower than the central bank expects in 2026, but... 4th February 2026 · 2 mins read
