Nordic & Swiss Rapid Response

Swiss National Bank Policy Meeting (Dec. 2022)

15th December 2022 · 2 mins read

Nordic & Swiss Rapid Response

Norges Bank Policy Announcement (December 2022)

15th December 2022 · 2 mins read

Nordic & Swiss Data Response

Sweden Consumer Prices (Nov.)

The increase in Sweden’s measure of core inflation to 8.0% was a touch below expectations but it still marks a new 31-year high. With CPIF inflation having risen to well above the Riksbank’s recent...

14th December 2022 · 2 mins read

Nordic & Swiss Economics Weekly

SNB and Norges Bank to hike on “Super Thursday”

We expect the Norges Bank and Swiss National Bank to raise interest rates next Thursday, by 25bp and 50bp respectively, bringing an end to the tightening cycle for the SNB and getting close to the end...

9th December 2022 · 6 mins read

Nordic & Swiss Data Response

Norway Consumer Prices (Nov.)

The declines in headline and core inflation in November won’t stop the Norges Bank from raising interest rates by 25bp next week. But they support our view that the tightening cycle is very nearly...

9th December 2022 · 2 mins read

Nordic & Swiss Central Bank Watch

End of the tightening cycle approaching

We expect the Norges Bank to raise its policy rate by 25bp next week, to 2.75%. Signs that the economy is weakening by more than expected might encourage policymakers to nudge down their interest rate...

8th December 2022 · 5 mins read

Nordic & Swiss Central Bank Watch

SNB to end tightening cycle with 50bp hike

The SNB is likely to look through the recent fall in inflation and hike rates by 50bp next Thursday, to 1.0%, in line with market expectations. We now think that this will be the end of the tightening...

8th December 2022 · 4 mins read

Nordic & Swiss Economics Weekly

Tweaking our forecast for Switzerland

With recent data suggesting that the Swiss economy is holding up better than we had anticipated, we now think GDP will be unchanged in 2023 compared to this year. That would still imply a weaker...

2nd December 2022 · 6 mins read

Nordic & Swiss Data Response

Switzerland CPI (Nov.)

The low inflation rate in November supports our view that the Swiss National Bank will not need to raise interest rates much further in the current cycle. Indeed, there is a growing chance that...

1st December 2022 · 2 mins read

Nordic & Swiss Data Response

Switzerland GDP (Q3)

After increasing by 0.2% q/q in Q3, the Swiss economy is set to slow in Q4, although any recession will probably be shallower than we had previously expected, and shallower than in neighbouring...

29th November 2022 · 2 mins read

Nordic & Swiss Economics Weekly

Riksbank risks; Norway’s labour market tight

The Riksbank’s 75bp hike on Thursday, together with the increases to its interest rates forecasts, highlighted policymakers’ concerns about inflation. Meanwhile, data from Norway emphasized the...

25th November 2022 · 7 mins read

Nordic & Swiss Economics Update

Tightening cycle not yet finished

This morning’s 75bp increase in the Riksbank’s policy rate was in line with expectations, and both the press statement and Monetary Policy Report are consistent with our view that policymakers will...

24th November 2022 · 3 mins read

Nordic & Swiss Rapid Response

Sweden Riksbank Policy Meeting (Nov. 2022)

24th November 2022 · 2 mins read

Non-Euro Europe Commercial Property Chart Pack

Scandinavia & Switzerland: Property yields jump

Prime property yields rose significantly in Q3. This caused a sharp slowdown in capital value growth, even though rental growth was solid in the Scandinavian office and industrial sectors. Stockholm...

22nd November 2022 · 5 mins read

Nordic & Swiss Economics Weekly

Norway performing well, Ingves bows out

Norway’s Q3 GDP data support our view that the country will be one of Europe’s best performers in the coming quarters, but it won’t be immune to the weakness elsewhere in the continent. Next week, we...

18th November 2022 · 5 mins read