Europe Economics Update European interest rates to fall much further Today’s co-ordinated interest rate cuts by European central banks clearly demonstrate a determination to provide short-term stability to financial markets. As economic conditions continue to... 8th October 2008 · 1 min read
Europe Economics Update SNB set to cut rates next year The Swiss National Bank left its target range for three-month interest rates unchanged at a mid-point of 2.75%. But with the economic slowdown set to intensify and inflation on course to return to... 18th September 2008 · 1 min read
Nordic & Swiss Economics Update SNB’s optimism likely to prove misplaced Upbeat comments from Swiss National Bank Chairman Jean-Pierre Roth in this morning’s press are atodds with our own view. While it is true that some aspects of the Swiss economy appear robust fornow... 19th August 2008 · 1 min read
Europe Economics Focus Will the credit crunch prompt a Swiss recession? nd’s dependence on the troubled financial services sector points to the risk of an extremely hard landing. We think that the consensus forecasts for Swiss GDP growth are much too complacent and see... 24th June 2008 · 1 min read
Nordic & Swiss Economics Focus Will the credit crunch prompt a Swiss recession? Switzerland’s dependence on the troubled financial services sector points to the risk of an extremely hard landing. We think that the consensus forecasts for Swiss GDP growth are much too complacent... 24th June 2008 · 1 min read
Europe Economics Update SNB on hold; next move still likely to be a cut The Swiss National Bank’s decision to leave its target range for three-month interest rates on hold (at a mid-point of 2.75%) was a relief amid concerns that inflation fears might force the Bank to... 19th June 2008 · 1 min read
Nordic & Swiss Economics Update SNB on hold; next move still likely to be a cut The Swiss National Bank’s decision to leave its target range for three-month interest rates on hold (at amid-point of 2.75%) was a relief amid concerns that inflation fears might force the Bank to... 19th June 2008 · 1 min read
Europe Economics Update SNB highlights weaker growth prospects After leaving interest rates on hold as expected (at a mid-point of 2.75%) the Swiss National Bank stressed that it expects economic activity to slow sharply this year. While strong price pressures... 13th March 2008 · 1 min read
Nordic & Swiss Economics Update SNB highlights weaker growth prospects After leaving interest rates on hold as expected (at a mid-point of 2.75%) the Swiss National Bank stressed that it expects economic activity to slow sharply this year. While strong price pressures... 13th March 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 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 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 Data Response SNB hints that tightening cycle is nearing peak Today’s decision by the Swiss National Bank (SNB) to raise the target mid-point for the 3 month Libor by 25bps to 2.25% was fully expected – indeed, the 3 month Libor itself had already reached 2.25%... 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 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
