Nordic & Swiss Central Bank Watch Another 25bp Norges Bank hike is on its way We expect the Norges Bank to follow through on its plan to raise its policy rate by 25bp next week, to 3.25%. We have pencilled in a peak of 3.5% in June but the risks are skewed towards it reaching a... 27th April 2023 · 3 mins read
Nordic & Swiss Central Bank Watch Riksbank beating the ECB to 3.5% The Riksbank will raise its key policy rate by another 50bp next week, bringing it to 3.5%, and we think a final 50bp increase is most likely in June. Policymakers sounded pretty hawkish at the... 19th April 2023 · 3 mins read
Nordic & Swiss Central Bank Watch Norges Bank to continue tightening We don’t think the collapse of SVB, problems at Credit Suisse and volatility in markets will deter the Norges Bank from raising its policy rate by 25bp next week, to 3.0%. If anything, the risks are... 17th March 2023 · 5 mins read
Nordic & Swiss Central Bank Watch SNB to hike rates despite Credit Suisse crisis We think the SNB will push ahead with rate hikes despite the Credit Suisse crisis, and raise the policy rate by 50bp to 1.5% next Thursday. By its own exacting standards, inflationary pressures in... 16th March 2023 · 5 mins read
Nordic & Swiss Central Bank Watch Riksbank getting terminal With inflation and price pressures still high, the Riksbank will probably raise interest rates by 50bp next week. However, in contrast to the market, we think this will probably end the tightening... 2nd February 2023 · 5 mins read
Nordic & Swiss Central Bank Watch One (more) and done The Norges Bank is one step from ending its tightening cycle. We expect it to raise its policy rate by 25bp next week, to a peak of 3%. After that it is likely to pause while it waits to assess the... 12th January 2023 · 5 mins read
Nordic & Swiss Central Bank Watch End of the tightening cycle approaching We expect the Norges Bank to raise its policy rate by 25bp next week, to 2.75%. Signs that the economy is weakening by more than expected might encourage policymakers to nudge down their interest rate... 8th December 2022 · 5 mins read
Nordic & Swiss Central Bank Watch SNB to end tightening cycle with 50bp hike The SNB is likely to look through the recent fall in inflation and hike rates by 50bp next Thursday, to 1.0%, in line with market expectations. We now think that this will be the end of the tightening... 8th December 2022 · 4 mins read
Nordic & Swiss Central Bank Watch Governor Ingves to go out with a (75bp) bang With inflation still more than five times the Riksbank’s target, Stefan Ingves may be tempted to end his marathon stint as Governor with another 100bp rate hike. But we think the Bank is more likely... 17th November 2022 · 5 mins read
Nordic & Swiss Central Bank Watch Risks skewed towards another 50bp hike The Norges Bank signalled in September that it intended to slow the pace of tightening, implying that it would hike by 25bp at the meeting next week. But with inflation data since then again coming in... 27th October 2022 · 5 mins read
Nordic & Swiss Central Bank Watch Bumper rate hikes on the way Next week, we expect the Swiss National Bank, Riksbank and Norges Bank to raise interest rates aggressively. The SNB and the Riksbank both look set to raise rates by 75bp, and we would not rule out a... 15th September 2022 · 9 mins read
Nordic & Swiss Central Bank Watch Norges Bank has further to go The Norges Bank said in June that it was likely to raise its policy rate by 25bp at its meeting next week, but we now think it is more likely to go for a 50bp hike. Whatever it decides on interest... 11th August 2022 · 4 mins read
Nordic & Swiss Central Bank Watch Riksbank to join the “50bp crowd” next week Having begun its tightening cycle in April, we expect the Riksbank to join the trend by raising its policy interest rate by 50bps, to 0.75%, next week. 23rd June 2022 · 5 mins read
Nordic & Swiss Central Bank Watch Norges Bank to step up pace of tightening next week We expect the Norges Bank to step up the pace of tightening at its policy meeting next Thursday (23 rd June) with a 50bp rate hike, to 1.00%, and to indicate that it will probably raise interest rates... 16th June 2022 · 5 mins read
Nordic & Swiss Central Bank Watch Brace yourself for an unscheduled SNB hike in July The SNB will mirror the ECB by keeping its policy settings unchanged once again at its June meeting (Thursday 16 th). But with a July rate hike by euro-zone policymakers now locked in, the era of... 9th June 2022 · 4 mins read
Nordic & Swiss Central Bank Watch Norges Bank to pause next week ahead of June hike We think that the Norges Bank will keep interest rates on hold, at +0.75%, next Thursday, before resuming its tightening cycle in June. We forecast one rate hike per quarter this year and next, which... 28th April 2022 · 5 mins read
