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
Nordic & Swiss Chart Pack A busy month for central banks The three major Nordic and Swiss central banks met in December and provided very different messages about the outlook for monetary policy in their respective countries. First, the Swiss National Bank... 15th January 2018 · 1 min read
Nordic & Swiss Economics Update Twenty-fourth time lucky for the Riksbank? After bringing its net asset purchases to a close last month, the Riksbank reiterated that it expects to raise interest rates in September this year. The Bank’s track record suggests that this... 4th January 2018 · 1 min read
Europe Data Response Euro-zone Trade (Oct.) & Irish GDP (Q3) The narrowing of the euro-zone’s goods trade surplus in October revealed that the external sector had a poor start to Q4. But with the global economy in good health and world trade growing at a decent... 15th December 2017 · 1 min read
Nordic & Swiss Economics Update Icelandic policy rate on hold next year Following today’s decision to keep interest rates unchanged, the Central Bank of Iceland (CBI) noted that looser fiscal policy is a short-term risk to the monetary policy outlook. While we expect the... 13th December 2017 · 1 min read
Nordic & Swiss Data Response Icelandic GDP (Q3) Very strong Icelandic growth in Q3 somewhat overstates the health of the economy, given that consumer spending was stagnant and exports slumped. That said, surveys bode well for the outlook. 8th December 2017 · 1 min read
Nordic & Swiss Central Bank Watch Icelandic interest rates to remain on hold At its last meeting in November, the Central Bank of Iceland (CBI) kept policy on hold. Nothing has happened since then to alter our view that interest rates will remain unchanged until 2019. 6th December 2017 · 1 min read
Nordic & Swiss Economics Update Reviewing 2017 and looking ahead to 2018 In this Watch, we evaluate the performance of Nordic and Swiss economies in 2017 and set out our key calls for next year. 5th December 2017 · 1 min read
Nordic & Swiss Economics Update Housing market concerns weigh on Swedish markets Concerns about the prospect of a house price correction were felt across Swedish markets in November, with the krona slumping, bond yields declining and equities falling. Most other Nordic and Swiss... 1st December 2017 · 1 min read
Nordic & Swiss Economics Update Icelandic monetary policy to be unchanged until 2019 Following today’s decision to keep interest rates unchanged, the Central Bank of Iceland (CBI) appears to have reached the end of its loosening cycle. We expect the Bank to keep rates on hold until... 15th November 2017 · 1 min read
Nordic & Swiss Central Bank Watch Where are Icelandic policy rates heading? Forecasters have been wrong-footed this year by the Central Bank of Iceland’s (CBI) rate cuts. This appears to be because the CBI has started to put more emphasis on a different inflation measure, and... 9th November 2017 · 1 min read
Nordic & Swiss Economics Update Iceland’s election result reduces chance of fiscal boost At least four parties will be required to form a majority government following Iceland’s election, so coalition negotiations are set to take a number of months. As the left-wing parties performed... 1st November 2017 · 1 min read
Nordic & Swiss Economics Update Central bank actions push bond yields down In October, a combination of rising bond yields in the US and lower bond yields at home pushed Nordic and Swiss currencies down against the dollar. Weaker exchange rates, as well as decent economic... 30th October 2017 · 1 min read
Nordic & Swiss Economic Outlook Riksbank to move ahead of the pack Economic prospects for the Nordic and Swiss economies are fairly bright. Although Switzerland had a disappointing start to the year in terms of GDP growth, the surveys are universally positive about... 25th October 2017 · 1 min read
