Nordic & Swiss Economics Update Political uncertainty won’t derail Swedish economy Following September’s general election, Sweden looks set for a period of political uncertainty that might dent economic activity. But this is likely to prove temporary and we doubt that it would... 21st August 2018 · 1 min read
Nordic & Swiss Economics Weekly Franc strength in focus, Norges Bank signals rate rise The further appreciation of the franc this week strengthens our view that the SNB will be very cautious about policy tightening, keeping rates on hold until 2020. Meanwhile, with inflationary... 17th August 2018 · 1 min read
Nordic & Swiss Chart Pack Soft inflation won’t stop rate rises in Sweden, Norway The latest inflation data in Switzerland and the Nordic economies show that underlying inflation is fairly low. But we doubt that this will stop the Norges Bank or Riksbank from raising interest rates... 16th August 2018 · 1 min read
Nordic & Swiss Economics Weekly SNB won’t welcome franc’s safe haven boost The renewed appreciation of the Swiss franc this week as investors sought out safe haven assets will not have been welcomed by the SNB. But the franc is still weaker than it has been over the past few... 10th August 2018 · 1 min read
Nordic & Swiss Data Response Sweden, Norway, Denmark CPI (Jul.) Underlying inflation is still fairly weak in the Nordic economies. But given increased capacity utilisation and rising wage pressures in both Sweden and Norway, we expect both the Riksbank and the... 10th August 2018 · 1 min read
Nordic & Swiss Economics Update Will soft inflation delay Riksbank tightening? Non-energy inflation in Sweden has been unexpectedly weak in recent months, prompting investors to push back their expectations of the first rate rise into 2019. But there is evidence of rising cost... 8th August 2018 · 1 min read
Nordic & Swiss Economics Weekly PMIs point to decent start to Q3 July’s PMIs for the Nordic and Swiss countries, which were published this week, suggest that these countries continued their strong performance at the start of Q3. Swiss inflation data released... 3rd August 2018 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q2) & Swiss KOF (Jul.) The Swedish economy grew very strongly in the first half of the year and is likely to continue performing well. This is set to drive wage growth gradually higher, prompting the Riksbank to raise... 30th July 2018 · 1 min read
Nordic & Swiss Economics Weekly Temporary reprieve as EU-US trade tensions ease Given the openness of the Nordic & Swiss economies, their policymakers will have breathed a sigh of relief at the easing of trade tensions this week between the EU and the US. But should the current... 27th July 2018 · 1 min read
Nordic & Swiss Data Response Sweden Econ. Tend. Survey (Jul.) & Unemploy’t (Jun.) The Swedish economy continues to perform well. And with inflationary pressures gradually rising, we expect the Riksbank to raise interest rates this year. 26th July 2018 · 1 min read
Nordic & Swiss Economics Update Flatter yield curves not a cause for concern Government bond yield curves in the Nordics and Switzerland have flattened this year, but we doubt that this signals that recessions are imminent in any of these economies. 25th July 2018 · 1 min read
Nordic & Swiss Chart Pack A mixed month for financial markets Swiss and Nordic financial markets have been a mixed bag over the past month. Equities in most countries have risen, supported by continued fairly strong economic growth. But equities in Norway and... 24th July 2018 · 1 min read
Nordic & Swiss Economics Weekly Is franc strength still a worry? While Swiss politicians have long railed against the strength of the franc, Finance Minister Ueli Maurer appeared to throw in the towel this week. But we doubt that exporters, which fared very well in... 20th July 2018 · 1 min read
Nordic & Swiss Economic Outlook SNB lagging behind in the monetary tightening cycle Economic growth in Switzerland and across the Nordics looks set to remain pretty strong over the coming years. But inflationary pressures vary significantly between countries. We think that central... 20th July 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jun.) & Riksbank Minutes June’s rise in Swedish CPIF inflation entirely reflected higher energy inflation. But with domestic price pressures building, and the latest minutes showing that Riksbank officials are increasingly... 12th July 2018 · 1 min read
Nordic & Swiss Economics Weekly Riksbank hawkish, Norwegian housing recovering The main event this week was the Riksbank meeting , at which the Bank reiterated that it expected to raise interest rates in December. And data released since the meeting support the case for the... 6th July 2018 · 1 min read
