Nordic & Swiss Economics Update Riksbank signals greater chance of a rate cut The Swedish Riksbank pushed back the date at which it expects to start raising interest rates and signalled that the probability of a rate cut in the near term has grown. We continue to think that low... 9th April 2014 · 1 min read
Europe Economics Update ECB edging towards more action Although the ECB left policy on hold again today, President Draghi turned his dovish rhetoric up a further notch. With the economic recovery set to remain too weak to diminish the threat of deflation... 3rd April 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Mar.) Recently published data show that Italy and Spain made little headway in strengthening their fiscal positions in 2013, but Portugal exceeded its targets. More encouragingly, most of the periphery... 1st April 2014 · 1 min read
Europe Economics Update Cyprus: one year on Although the Cypriot economy has proven surprisingly resilient over the past year, its future still looks bleak. In common with a number of euro-zone economies, Cyprus is at risk of a prolonged period... 1st April 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Feb.) February’s weak euro-zone monetary data will add to pressure on the ECB to ease monetary policy further in the coming months. 27th March 2014 · 1 min read
Europe Economics Update Norwegian interest rates may be on hold until 2016 Although the Norges Bank left its monetary policy stance unchanged today, the Bank may yet need to push back its first projected interest rate hike from mid-2015 to 2016. 27th March 2014 · 1 min read
Nordic & Swiss Economics Update Norwegian interest rates may be on hold until 2016 Although the Norges Bank left its monetary policy stance unchanged today, the Bank may yet need to push back its first projected interest rate hike from mid-2015 to 2016. 27th March 2014 · 1 min read
Europe Economics Update Danish central bank unlikely to tolerate further krone falls The fall in the Danish krone to its weakest level against the euro since early 2006 has increased speculation that Denmark’s central bank will have to respond to maintain the krone’s peg. We agree... 24th March 2014 · 1 min read
Nordic & Swiss Economics Update Danish central bank unlikely to tolerate further krone falls The fall in the Danish krone to its weakest level against the euro since early 2006 has increased speculation that Denmark’s central bank will have to respond to maintain the krone’s peg. We agree... 24th March 2014 · 1 min read
Europe Economics Update Belgian recovery unlikely to gather much more pace Although Belgium’s economy has returned to growth, the Government has made little progress in tackling the country’s underlying labour market problems. As a result, we doubt that the Belgian recovery... 20th March 2014 · 1 min read
Europe Economics Update SNB's battle with deflation goes on The combination of a sluggish economic recovery, very low inflation and a still strong currency will keep the Swiss National Bank (SNB) in very accommodative mode for the foreseeable future. 20th March 2014 · 1 min read
Nordic & Swiss Economics Update SNB’s battle with deflation goes on The combination of a sluggish economic recovery, very low inflation and a still strong currency will keep the Swiss National Bank (SNB) in very accommodative mode for the foreseeable future. 20th March 2014 · 1 min read
Europe Economics Update Veneto vote highlights Italy and EU policy challenges While the continuing independence vote in Italy’s Veneto region may prove of little direct importance, the poll highlights the breadth of challenges facing Mr Renzi’s new Government and the difficulty... 19th March 2014 · 1 min read
Europe Economics Update Sedlabanki softens its stance but rates are still likely to rise In light of the recent drop in inflation, Iceland’s central bank kept interest rates unchanged today and suggested that rate hikes were less probable than they had been in February. However, with... 19th March 2014 · 1 min read
Europe Economics Update Is Spain's recovery building momentum? Although timely activity indicators suggest that the Spanish economy may have built a bit of momentum at the start of 2014, we suspect that the recovery will remain disappointingly weak. 19th March 2014 · 1 min read
Nordic & Swiss Economics Update Sedlabanki softens its stance but rates are still likely to rise In light of the recent drop in inflation, Iceland’s central bank kept interest rates unchanged today and suggested that rate hikes were less probable than they had been in February. However, with... 19th March 2014 · 1 min read
