Nordic & Swiss Economics Weekly New franc forecasts, Swedish election heats up The upward pressure on the Swiss franc eased this week and our forecasts for monetary policy in Switzerland suggest that the currency will continue to depreciate against the euro over the next couple... 24th 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 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 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 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 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
Nordic & Swiss Economics Weekly Swiss-EU talks at risk, Riksbank to signal Q4 rate rise The Swiss Government this week made no progress towards reaching a deal with Brussels that would see Switzerland retain its unrestricted access to the Single Market. With the anti-immigrant SVP party... 29th June 2018 · 1 min read
Nordic & Swiss Economics Weekly SNB dovish, Norges Bank hawkish, Sweden ETI strong This week’s quarterly policy statement from the Swiss National Bank strengthened our view that tighter monetary policy in Switzerland is a long way off. By contrast, higher interest rates are imminent... 22nd June 2018 · 1 min read
Nordic & Swiss Chart Pack Strong start to the year likely to be sustained In contrast to the euro-zone and UK, the Swiss and Nordic economies grew fairly quickly in Q1. Finland was the top performer, with GDP rising by 1.2% on the quarter. Iceland was hot on its heels... 19th June 2018 · 1 min read
Nordic & Swiss Economics Update Central Bank of Iceland on hold but rate rises coming The Central Bank of Iceland left policy unchanged today and reiterated that a tight monetary policy stance is still needed, given the strong economy and pressures in the labour market. We think that... 13th June 2018 · 1 min read
Nordic & Swiss Data Response Icelandic GDP (Q1) The Icelandic economy had a weak start to the year, as net trade and investment weighed on growth and offset the continued strength of private consumption. But the surveys suggest that the outlook... 8th June 2018 · 1 min read
Nordic & Swiss Central Bank Watch Inflationary pressures in Iceland set to grow The Central Bank of Iceland is likely to leave policy unchanged next week. But with imported inflation rising and domestic price pressures set to grow, we see the Bank raising interest rates later... 6th June 2018 · 1 min read
