Nordic & Swiss Economics Update Riksbank raises rates to 4.25% The surprise decision by the Swedish Riksbank to raise interest rates from 4.0% to 4.25% today confirmed that it remains concerned about the outlook for inflation. And with its latest interest rate... 13th February 2008 · 1 min read
Nordic & Swiss Economics Update Swedish interest rate expectations have fallen too far The Swedish economy has slowed in recent months, but with inflationary pressures still alive and kicking we expect the Riksbank’s response to be less aggressive than markets anticipate. Indeed, we... 30th January 2008 · 1 min read
Nordic & Swiss Economics Update SNB likely to stay on hold for some time The SNB was never likely to shock markets with an interest rate hike today, particularly in the current environment of uncertainty. While the Bank seems to have maintained a slight tightening bias, we... 13th December 2007 · 1 min read
Nordic & Swiss Economics Update Norges Bank’s tightening cycle not yet over The Norges Bank’s decision to raise interest rates today for the third time since the beginning of thefinancial market turmoil is in stark contrast to the actions of some other central banks. Given... 12th December 2007 · 1 min read
Nordic & Swiss Economics Update Norges Bank strikes a more dovish tone Today’s decision by the Norges Bank to keep interest rates on hold and to lower its projection for the future path of rates could lead to a renewed weakening of the krone following the strengthening... 31st October 2007 · 1 min read
Nordic & Swiss Economics Update Norges Bank continues tightening cycle Today’s decision by the Norges Bank to raise interest rates for a second time since the turmoil in the financial markets is another demonstration that central banks are likely to remain focused on the... 26th September 2007 · 1 min read
Nordic & Swiss Economics Update SNB hikes, but outlook blurred by market turmoil The Swiss National Bank (SNB)’s decision to hike rates adds to the evidence that the recent market turmoil does not preclude further policy tightening from central banks, especially when rates are... 13th September 2007 · 1 min read
Nordic & Swiss Economics Update Strong Swiss growth supports case for September hike The further strong gain in Swiss GDP in Q2 suggests that capacity pressures are continuing to build. This could keep the SNB in tightening mode, despite recent financial market turbulence and still... 4th September 2007 · 1 min read
Nordic & Swiss Economics Update Norges Bank signals business as usual Today’s decision by the Norges Bank to press ahead with the previously indicated rise in its key interest rate from 4.5% to 4.75% supports our view that central banks are unlikely to be deflected from... 15th August 2007 · 1 min read
Nordic & Swiss Economics Update Hawkish SNB points to further rate hikes to come Today’s decision by the Swiss National Bank (SNB) to raise the target mid-point for 3 month interbank interest rates (Libor) by 25bps to 2.5% came as no surprise – indeed, the 3 month Libor itself had... 14th June 2007 · 1 min read
Nordic & Swiss Economics Update Norges Bank will raise rates aggressively in H2 Today’s decision by the Norges Bank to hike Norwegian interest rates by 25bps to 4.25% leaves rates comfortably in line with the Bank’s own forecast published in March’s Monetary Policy Report... 30th May 2007 · 1 min read
Nordic & Swiss Economics Update Norges Bank won’t wait long to continue tightening Although the Norges Bank unexpectedly kept rates on hold at 4% today, we do not think that this represents a fundamental change in the outlook for Norwegian interest rates ahead. 25th April 2007 · 1 min read
Nordic & Swiss Economics Update Norge Bank signals significant further tightenin The Norges Bank hiked interest rates today by 25bps to 4.0%, marking a fourth consecutive move and the ninth step in the tightening cycle which began in June 2005. This also keeps rates a step ahead... 15th March 2007 · 1 min read
Nordic & Swiss Economics Update Modest growth eases pressure on SNB to hike Data released earlier today showed Swiss GDP growth picking up only slightly in Q4, to 0.5% q/q from Q3’s disappointing 0.4%. The outturn was below the consensus forecast, which had been for arise of... 6th March 2007 · 1 min read
Nordic & Swiss Economics Update Surprise hike by Norges Bank and plenty more to come Today’s surprise hike in interest rates by the Norges Bank lifts the official rate by 25bps to 3.75% andreopens a positive interest rate differential with the euro-zone for the first time in three... 24th January 2007 · 1 min read
Nordic & Swiss Economics Update SNB signals further rate hikes to come Today’s decision by the Swiss National Bank (SNB) to raise the target mid-point for the 3 month Libor by 25bps to 2.0% came as no surprise whatsoever. After all, the press statement accompanying its... 14th December 2006 · 1 min read
