Nordic & Swiss Data Response Norway CPI (Dec.) & Sweden Production (Nov.) December’s stronger-than-expected inflation data for Norway suggest that the Norges Bank is almost certain to follow through with its plan to raise interest rates in March. But we think it will then... 10th January 2019 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Dec. 18) & Riksbank Minutes The drop in headline inflation in Switzerland in December is a sign of things to come, as inflation is set to fall to just above zero in the coming months. Meanwhile, the minutes of the Riksbank’s... 9th January 2019 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Nov.) The slight drop in core inflation in November further decreases the chances of the Riksbank raising rates next week. Nonetheless, we still expect the first hike in February as underlying inflation is... 12th December 2018 · 1 min read
Nordic & Swiss Data Response Norwegian Consumer Prices (Nov.) November’s unexpectedly-sharp rise in inflation in Norway is unlikely to change the Norges Bank’s mind about leaving policy unchanged at Thursday’s meeting. The Bank is likely to raise interest rates... 10th December 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Oct.) Sweden’s private sector production data for October suggest that the economy bounced back after Q3’s contraction. This reduces the risk of the Riksbank delaying its first rate hike beyond February. 5th December 2018 · 1 min read
Nordic & Swiss Data Response Swiss CPI (Nov.) November’s falls in headline and core inflation highlight the lack of price pressures in Switzerland. And with GDP growth also weak, the SNB looks set to keep policy looser for longer than investors... 4th December 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Nov.) The increase in manufacturing PMIs for Switzerland, Sweden and Norway in November offers hope that the weakness of economic activity in Q3 was not the start of a deeper downturn. But since the surveys... 3rd December 2018 · 1 min read
Nordic & Swiss Data Response Swiss KOF (Nov.), Finnish & Danish GDP (Q3) November’s fall in the KOF Economic Barometer adds to the evidence that Swiss growth has shifted down a gear. And with inflation weak, we expect the SNB to keep policy ultra-loose until at least 2020. 30th November 2018 · 1 min read
Nordic & Swiss Data Response Swedish & Swiss GDP (Q3) The very weak Swiss Q3 GDP data make us more confident that the SNB will keep monetary policy ultra-loose longer than investors expect. Meanwhile, the contraction in the Swedish economy in Q3 suggests... 29th November 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Oct.) The slight fall in Swedish inflation in October will not significantly influence the Riksbank’s decision on the timing of its first rate hike, which we still expect in December. Underlying inflation... 14th November 2018 · 1 min read
Nordic & Swiss Data Response Norwegian Consumer Prices (Oct.) October’s weaker-than-expected inflation data suggest that the Norges Bank will be in no hurry to raise interest rates again. We expect it to wait until next March before making its next move, and... 9th November 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Sep.) Sweden’s monthly private sector production data suggest that overall GDP growth slowed in Q3. But with the timelier surveys continuing to paint a fairly positive picture, we remain fairly optimistic... 6th November 2018 · 1 min read
Nordic & Swiss Data Response Swiss CPI & Manufacturing PMIs (Oct.) Although Swiss headline inflation edged back up in October, the core rate was unchanged at a very low level. And as surveys of both manufacturers and consumers suggest that price pressures are muted... 1st November 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Sep.) The rebound in non-energy inflation in September will reassure the Riksbank that it is right to be planning to tighten monetary policy in the coming months. We expect underlying inflation to continue... 11th October 2018 · 1 min read
Nordic & Swiss Data Response Norwegian Consumer Prices (Sep.) September’s strong inflation data are unlikely to change the Norges Bank’s plans to wait until Q1 next year before raising interest rates again. Looking beyond that, we think that falling oil prices... 10th October 2018 · 1 min read
Nordic & Swiss Data Response Switzerland CPI (Sep.), Sweden Private Prod. (Aug.) September’s Swiss inflation data provided further evidence that despite strong GDP growth, domestic price pressures remain very weak. And with the franc’s recent appreciation dampening imported... 5th October 2018 · 1 min read
