Europe Economics Update Norges Bank cuts rates and signals further falls to come The Norges Bank today cut interest rates for the second time this month and signalled that further cuts are to come. But we continue to expect stronger economic fundamentals to ensure that rates fall... 29th October 2008 · 1 min read
Nordic & Swiss Economics Update Norges Bank cuts rates and signals further falls to come The Norges Bank today cut interest rates for the second time this month and signalled that furthercuts are to come. But we continue to expect stronger economic fundamentals to ensure that rates... 29th October 2008 · 1 min read
Europe Economics Update Swiss franc’s appreciation supports case for hefty rate cuts The franc’s latest appreciation to a record high against the euro appears to reflect the weakness of the euro-zone economy more than Swiss domestic factors. But the franc’s strength is yet another... 28th October 2008 · 1 min read
Nordic & Swiss Economics Update Swiss franc’s appreciation supports case for hefty rate cuts The franc’s latest appreciation to a record high against the euro appears to reflect the weakness of the euro-zone economy more than Swiss domestic factors. But the franc’s strength is yet another... 28th October 2008 · 1 min read
Europe Economics Update Swedish interest rates to fall to 3.0% by mid 2009 The decision by the Swedish Riksbank to cut interest rates to 3.75%, the second 50 basis points cut this month, clearly shows that the Bank’s full attention is now on preventing a major economic... 23rd October 2008 · 1 min read
Nordic & Swiss Economics Update Swedish interest rates to fall to 3.0% by mid 2009 The decision by the Swedish Riksbank to cut interest rates to 3.75%, the second 50 basis points cut this month, clearly shows that the Bank’s full attention is now on preventing a major economic... 23rd October 2008 · 1 min read
Europe Economics Update New forecasts for currencies and commodities The recent acceleration in the dollar’s appreciation against other major currencies (with the notable exception of the yen) reflects a combination of factors, none of which is likely to reverse any... 22nd October 2008 · 1 min read
Europe Economics Update Icelandic bailout won’t prevent an economic slump Iceland appears to be on the verge of gaining financial assistance from the IMF, Japan and the Nordic region. While this may be the first step in bringing the economy back from the brink of meltdown... 21st October 2008 · 1 min read
Europe Economics Update Norges Bank cuts rates; more to come The Norges Bank’s decision to cut interest rates for the first time in more than four years was driven by the recent events in global financial markets. But with the outlook for economic activity... 15th October 2008 · 1 min read
Europe Economics Update Spanish housing market downturn gathers pace The latest Spanish house price data provide further evidence that the housing market is set for a hard landing. We expect house price falls of around one third over the next few years to push the... 15th October 2008 · 1 min read
Nordic & Swiss Economics Update Norges Bank cuts rates; more to come The Norges Bank’s decision to cut interest rates for the first time in more than four years was drivenby the recent events in global financial markets. But with the outlook for economic... 15th October 2008 · 1 min read
Europe Economics Update Euro-zone rescue plan won’t halt the slowdown The announcement of a co-ordinated framework to kick-start interbank lending in the euro-zone and boost banks’ tier one capital has helped equity markets and the euro to rally. But we doubt that these... 13th October 2008 · 1 min read
Europe Economics Update European interest rates to fall much further Today’s co-ordinated interest rate cuts by European central banks clearly demonstrate a determination to provide short-term stability to financial markets. As economic conditions continue to... 8th October 2008 · 1 min read
Europe Economics Update Iceland’s latest measures no silver bullet for the economy The Icelandic authorities are fighting tooth and nail to restore confidence in the ailing economy and crumbling banking system. But it seems inevitable that the economy is set for a prolonged slowdown... 7th October 2008 · 1 min read
Europe Economics Update Sharper euro-zone slowdown to push rates down to 2%. We have cut our forecasts for GDP growth and interest rates in the euro-zone alongside those in other areas. But we still believe that the region’s relative lack of major economic imbalances point to... 7th October 2008 · 1 min read
Nordic & Swiss Economics Update Iceland’s latest measures no silver bullet for the economy The Icelandic authorities are fighting tooth and nail to restore confidence in the ailing economy and crumbling banking system. But it seems inevitable that the economy is set for a prolonged slowdown... 7th October 2008 · 1 min read