Nordic & Swiss Economics Update Is Italy a worry for Switzerland and the Nordics? Political turmoil in Italy has rocked Swiss and Nordic financial markets over the past few weeks, but the economic fallout is likely to remain limited. That said, if the situation in Italy worsens... 5th June 2018 · 1 min read
Nordic & Swiss Economics Update Central Bank of Iceland on hold for now While the Central Bank of Iceland left policy unchanged today, its new forecasts show that it expects inflation to remain above target for the next three years. Moreover, we think that the Bank is... 16th May 2018 · 1 min read
Nordic & Swiss Chart Pack Growth slowed in Q1, but Q2 should be better Ahead of Q1 GDP releases over the coming weeks, the official monthly data suggest that growth slowed in Switzerland and the Nordics. Indeed, retail sales in Switzerland increased by 0.6% in Q4 last... 11th May 2018 · 1 min read
Nordic & Swiss Central Bank Watch Central Bank of Iceland on hold for now The Central Bank of Iceland is likely to leave policy unchanged next week. But with inflation set to rise, we expect it to raise interest rates later this year. 10th May 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Apr.) April’s manufacturing PMIs provide some reassurance that the Swiss and Norwegian economies bounced back after making slow starts to the year. Sweden’s PMI was quite weak, but other survey indicators... 2nd May 2018 · 1 min read
Nordic & Swiss Economic Outlook Tighter monetary policy on the horizon While the Nordics and Switzerland seem to have made slow starts to 2018, the outlook for these economies is generally pretty bright. Nevertheless, healthy rates of economic growth will push up... 20th April 2018 · 1 min read
Nordic & Swiss Economics Update Trump concerns weigh on Nordic and Swiss markets In March, equity prices and bond yields in the Nordics and Switzerland were pushed down by concerns about US trade policy, while exchange rate movements were more mixed. Looking ahead, we expect... 29th March 2018 · 1 min read
Nordic & Swiss Economics Update When will Iceland drop its remaining capital controls? While the Central Bank of Iceland’s forecasts imply that it intends to scale back its controls on foreign investment later this year, we think that it will end up leaving them unchanged until 2020. 21st March 2018 · 1 min read
Nordic & Swiss Economics Update Central Bank of Iceland on hold for now While the Central Bank of Iceland left policy unchanged today, it also acknowledged that inflation expectations are rising. We expect higher actual and expected inflation to prompt the Bank to raise... 14th March 2018 · 1 min read
Nordic & Swiss Data Response Norway CPI (Feb) & Iceland GDP (Q4) Inflation in Norway rose quite sharply in February, but we do not think that it is about to surge. Meanwhile, Icelandic GDP growth would have been negative in Q4 was it not for a one-off intellectual... 9th March 2018 · 1 min read
Nordic & Swiss Central Bank Watch Central Bank of Iceland on hold for time being Little has changed since the Central Bank of Iceland’s (CBI) last policy meeting, so we expect it to keep policy unchanged next week. Later this year, we see the Bank raising interest rates. 7th March 2018 · 1 min read
Nordic & Swiss Economics Focus Iceland: What went right and what might go wrong? Icelandic growth is set to hold up well with tourism booming despite the strength of the króna and with the financial imbalances that caused the previous crisis largely resolved. But inflation is a... 21st February 2018 · 1 min read
Nordic & Swiss Chart Pack A robust start to 2018 The official data suggest that the Nordic & Swiss economies recorded fairly mixed performances at the end of last year. So far, only Norway has published national accounts data for Q4. This release... 13th February 2018 · 1 min read
Nordic & Swiss Economics Update Consensus underestimating scope for Icelandic rate rises As the recent rise in inflation has been due to temporary exchange rate effects, it was little surprise that the Central Bank of Iceland left policy unchanged today. But with further rises in... 7th February 2018 · 1 min read
Nordic & Swiss Central Bank Watch Central Bank of Iceland to raise rates later this year Inflation pressures seem to be rising faster than we had expected. As a result, we now see the Central Bank of Iceland raising interest rates this year. 1st February 2018 · 1 min read
Nordic & Swiss Economic Outlook Exchange rates to diverge as Swedish krona rises Prospects for the Nordic economies and Switzerland are strong, but there are divergent outlooks for monetary policy. In Sweden, inflation is already close to the Riksbank’s target and, with capacity... 22nd January 2018 · 1 min read
