Nordic & Swiss Economics Update Norges Bank policy unchanged, but rate cut on the way The Norges Bank left its key policy rate unchanged today, but with the economy weak and inflation set to fall this year, we think that further loosening is on the way. 12th May 2016 · 1 min read
Europe Economics Update Greek debt talks won’t provide much relief The compromises reached by Greece and its creditors this week should allow the first bailout review to finally be completed and have prompted a favourable market response. But the first discussions... 11th May 2016 · 1 min read
Europe Economics Update Iceland holds rates but further tightening will be needed Iceland’s central bank kept its interest rates unchanged for the fourth consecutive meeting. But with price pressures set to pick up in the second half of the year, further tightening will be needed. 11th May 2016 · 1 min read
Nordic & Swiss Economics Update Iceland holds rates but further tightening will be needed Iceland’s central bank kept its interest rates unchanged for the fourth consecutive meeting. But with price pressures set to pick up in the second half of the year, further tightening will be needed. 11th May 2016 · 1 min read
Europe Economics Update Will Ireland’s new Government keep the recovery going? The formation of a new Irish government has removed some short-term political uncertainty. And the outlook for the economy over the coming years is fairly bright. That said, the government can do... 9th May 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Apr.) Full year general government figures for 2015 show that most euro-zone countries’ fiscal positions improved last year, although Portugal and Spain still fell short of their targets. Meanwhile... 5th May 2016 · 1 min read
Europe Economics Update Are Portugal’s fiscal problems over? Last week’s decision by DBRS to maintain its investment grade credit rating for Portugal has brought short-term relief. But with the economic recovery likely to slow this year and the public finances... 3rd May 2016 · 1 min read
Europe Economics Update Anti-immigration stance would hurt Austria The first round result of Austria’s presidential election is testament to how polarising the issue of immigration has become in European politics. However, a crackdown on immigration could deny... 29th April 2016 · 1 min read
Europe Economics Update Spain will continue to miss its fiscal targets Political uncertainty and slowing growth imply that Spain’s budget deficit targets are too optimistic. As such, Spain looks set to breach the EU’s 3% deficit limit for at least two more years. And, in... 28th April 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) March’s euro-zone monetary data suggest that economic growth remains fairly slow . While the ECB has since expanded its stimulus measures, we doubt that this will boost money and lending growth... 27th April 2016 · 1 min read
Europe Economics Update Draghi dovish, but ECB nearing its limits President Draghi struck a dovish tone following the ECB’s April policy meeting and stressed that the Governing Council was prepared to offer more policy support if needed. But while we expect the... 21st April 2016 · 1 min read
Europe Economics Update FX intervention could be on the way in Sweden Sweden’s Riksbank expanded its QE programme and kept its options open for easing later in the year. While the economy is growing strongly and inflation has picked up recently, a rising currency and... 21st April 2016 · 1 min read
Nordic & Swiss Economics Update FX intervention could be on the way in Sweden Sweden’s Riksbank expanded its QE programme and kept its options open for easing later in the year. While the economy is growing strongly and inflation has picked up recently, a rising currency and... 21st April 2016 · 1 min read
Europe Economics Update Greece’s first bailout review still not a done deal The protracted and difficult negotiations surrounding the first review of Greece’s third bailout underline the challenges that still lie ahead for Greece, its creditors and the euro-zone’s... 18th April 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Mar.) The latest fiscal data for central governments show that Greece made a notably strong start to 2016 while the performance over the periphery as a whole was mixed . Meanwhile, the first releases of... 5th April 2016 · 1 min read
Europe Economics Update Greece/IMF spat underlines fragility of bailout The public spat between Greece and the IMF underlines the fragility of the country’s latest bailout deal and demonstrates that its long-term future inside the currency union is still far from assured... 4th April 2016 · 1 min read
