Nordic & Swiss Economics

Nordic & Swiss Economic Outlook

20 January, 2017

Swiss, Swedish and Norwegian currencies set to rise

Prospects for the Nordic and Swiss economies’ are fairly good, with Sweden and Iceland likely to be the best performers. But the outlook for inflation, and therefore monetary policy, varies substantially. The Swedish economy is firing on all cylinders, and inflationary pressure is building. As a result, we still think that the Riksbank will start to tighten monetary policy at the end of this year – sooner than investors currently expect. By contrast, weak underlying inflationary pressures i

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