Nordic & Swiss Central Bank Watch Norges Bank to signal March rate hike At its meeting on 24th January, the Norges Bank is likely to reiterate that it expects to raise interest rates in March, taking the key policy rate to 1.0%. But we think that its tightening cycle will... 17th January 2019 · 1 min read
Nordic & Swiss Central Bank Watch Riksbank and Norges Bank turning more dovish At next week’s monetary policy meeting, the Swiss National Bank is set to reiterate its ultra-dovish stance. Meanwhile, recent developments in Sweden and Norway suggest that policymakers in both... 7th December 2018 · 1 min read
Nordic & Swiss Central Bank Watch Riksbank to lay groundwork for tightening While the Riksbank, the Norges Bank and the ECB are likely to keep interest rates unchanged next week, we expect them all to signal tighter policy ahead. The recent rebound in underlying inflation... 19th October 2018 · 1 min read
Nordic & Swiss Central Bank Watch Nordic central banks gear up for interest rate rises Strong economic growth is fuelling inflationary pressures in both Norway and Sweden. So we expect the Norges Bank to follow through on its guidance and raise rates by 25bp next month. We doubt that... 30th August 2018 · 1 min read
Nordic & Swiss Central Bank Watch Will the Swiss and Nordic central banks follow the ECB? The Swiss and Nordic central banks are unlikely to follow the ECB in announcing significant changes to monetary policy over the next month. 18th June 2018 · 1 min read
Nordic & Swiss Central Bank Watch Inflationary pressures in Iceland set to grow The Central Bank of Iceland is likely to leave policy unchanged next week. But with imported inflation rising and domestic price pressures set to grow, we see the Bank raising interest rates later... 6th June 2018 · 1 min read
Nordic & Swiss Central Bank Watch Central Bank of Iceland on hold for now The Central Bank of Iceland is likely to leave policy unchanged next week. But with inflation set to rise, we expect it to raise interest rates later this year. 10th May 2018 · 1 min read
Nordic & Swiss Central Bank Watch Norges Bank to keep guidance unchanged, for now The Norges Bank is unlikely to respond to recent weak data by altering its forward guidance next week. But we still think that it will ultimately tighten policy a little more slowly than generally... 26th April 2018 · 1 min read
Nordic & Swiss Central Bank Watch Changed Riksbank guidance will still signal 2018 rate rise At next week’s meeting, the Riksbank is likely to cut its GDP growth and inflation forecasts. This leads us to expect the Bank to signal that interest rate rises will come later than policymakers... 19th April 2018 · 1 min read
Nordic & Swiss Central Bank Watch How big a deal is the new lower inflation target? The Norges Bank’s new inflation target strengthens the case for tighter monetary policy. But we think that the Bank will move very cautiously. 9th March 2018 · 1 min read
Nordic & Swiss Central Bank Watch Are interest rate rises in Switzerland in sight? In an environment of global uncertainty, the Swiss National Bank will be wary of exacerbating any upward pressure on the safe haven franc when it meets on 15th March. Admittedly, its forecast for... 8th March 2018 · 1 min read
Nordic & Swiss Central Bank Watch Central Bank of Iceland on hold for time being Little has changed since the Central Bank of Iceland’s (CBI) last policy meeting, so we expect it to keep policy unchanged next week. Later this year, we see the Bank raising interest rates. 7th March 2018 · 1 min read
Nordic & Swiss Central Bank Watch Riksbank to test the water soon with change of language With the Riksbank on track to raise interest rates this year, it is likely to test the water soon by dropping its pledge to loosen policy further if necessary. But as inflation expectations in Sweden... 8th February 2018 · 1 min read
Nordic & Swiss Central Bank Watch Central Bank of Iceland to raise rates later this year Inflation pressures seem to be rising faster than we had expected. As a result, we now see the Central Bank of Iceland raising interest rates this year. 1st February 2018 · 1 min read
Nordic & Swiss Central Bank Watch Norges Bank to become more dovish With consumer price inflation set to rise gradually, but house prices falling, we think that the Norges Bank will reiterate next week that interest rates will not rise until the autumn. We suspect... 18th January 2018 · 1 min read
Nordic & Swiss Central Bank Watch Riksbank to confirm end of QE this month While there are some reasons to think that the Riksbank will extend its quantitative easing programme when it meets next week, we think that policymakers will let it expire. We also think that the... 13th December 2017 · 1 min read
