We now forecast the Norges Bank to be the first advanced central bank to begin raising interest rates, in the second half of this year. This will provide a further fillip to the NOK, which we expect to be the best-performing G10 currency this year by some margin. Next week, the ETI from Sweden for February is likely to show that activity has remained resilient in the face of virus-related restrictions. Meanwhile, Q4 GDP data from Switzerland are likely to show that GDP flat-lined from the previous quarter.
Our latest Global State of Play webinar will be held on Thursday, 25th February. Neil Shearing will lead a discussion with our senior economists on a range of topics, including the progress of vaccinations and the impact on economic activity, the experience of Israel and others leading the vaccine race, as well as the latest on the US fiscal stimulus debate. Register here.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services