Europe Economics Update Riksbank won’t cut as far as it expects The Riksbank’s decision to cut by 25bp today to 3.25% was all but guaranteed, but the accompanying statement was surprisingly dovish. Policymakers said the policy rate could be cut faster and further... 25th September 2024 · 3 mins read
Europe Rapid Response Riksbank Policy Announcement (September 2024) 25th September 2024 · 2 mins read
Europe Economics Update Riksbank to continue loosening policy this year Unlike their counterparts in the Fed, policymakers at the Riksbank have ruled out making a bumper 50bp rate cut anytime soon. Instead, they are likely to cut their key policy rate by 25bp at next week... 18th September 2024 · 5 mins read
Europe Economic Outlook Economy slowing again The euro-zone appears to have lost some momentum and is likely to remain sluggish in the coming quarters. The core economies are the weakest, led by Germany which is probably in another technical... 18th September 2024 · 28 mins read
Europe Economics Weekly Taking stock of the euro-zone’s Q3 performance so far At this stage, we have no significant hard data with which to assess economic activity in the euro-zone in Q3. But the signs from the business surveys are not promising. Meanwhile, the minutes of the... 30th August 2024 · 7 mins read
Europe Economics Update Dovish rate cut by Riksbank, more to follow We think the Riksbank will follow today’s 25bp rate cut with a cut at each of the three remaining meetings this year to take the policy rate to 2.75%. But we expect the terminal rate to be 2.5% which... 20th August 2024 · 3 mins read
Europe Rapid Response Riksbank Policy Announcement (August 2024) Alongside the Riksbank’s decision to reduce the policy rate by 25bp today to 3.5%, policymakers also lowered their rate expectation for the end of this year from either 3.25% or 3.0% at the June... 20th August 2024 · 2 mins read
Europe Economics Update Riksbank to cut rates with more on the way Since the Riksbank’s last meeting in June, Swedish inflation and activity data have been weaker than policymakers expected. We think this will encourage them to cut the key policy rate from 3.75% to 3... 14th August 2024 · 5 mins read
Europe Rapid Response Sweden GDP (Q2) Preliminary data released this morning show that the Swedish economy contracted by 0.8% q/q in Q2, more than offsetting the 0.7% increase in Q1. The data were significantly weaker than expected by... 29th July 2024 · 1 min read
Europe Rapid Response Sweden CPI (June) The Riksbank’s target measure of inflation, CPIF, dropped to just 1.3% in June, almost half the level in May and the lowest level since the end of 2020. This was far below the consensus forecast of 1... 12th July 2024 · 2 mins read
Europe Commercial Property Update Sweden REIT distress unlikely to derail recovery The downgrading of Sweden’s SBB to selective default last week is the latest development for a property market that has faced some of the most acute debt refinancing pressure in Europe. The saga will... 11th July 2024 · 3 mins read
FX Markets Weekly Wrap Dollar treads water ahead of US non-farm payrolls The US dollar index looks set to end the week broadly unchanged after core PCE came in line with expectations today. Yesterday’s presidential debate in the US also does not seem to have had much... 28th June 2024 · 5 mins read
Europe Rapid Response Riksbank Policy Announcement (June 2024) The Riksbank’s decision to leave rates unchanged was as expected and does not suggest that policymakers are regretting their decision to cut in May. Instead, today’s statement says that they want to... 27th June 2024 · 2 mins read
Europe Economics Update Riksbank to leave rates and guidance unchanged Having cut the policy rate by 25bp at its last meeting, we think the Riksbank will stick with its guidance that it will keep rates on hold next week. But with inflation likely to fall below 2% in the... 20th June 2024 · 5 mins read
Europe Economic Outlook On the mend The euro-zone has come out of a long period of stagnation and will expand at a moderate pace over the coming two years. The recovery will be faster in some southern economies, such as Spain, than in... 20th June 2024 · 28 mins read
Europe Rapid Response Sweden CPI (May) The Riksbank’s target measure of inflation, CPIF, remained at 2.3% in May, but the core measure (CPIF excluding energy) rose slightly for the second month in a row. We think the Riksbank will leave... 14th June 2024 · 2 mins read
