Nordic & Swiss Economics Update SNB’s support won’t rescue the Swiss economy The Swiss National Bank pledged to maintain its extremely supportive policy stance today, keeping interest rates as close to zero as possible and defending a minimum exchange rate of CHF 1.20 per euro... 15th March 2012 · 1 min read
Nordic & Swiss Economics Update Swedish rate cut unlikely to be the last The Swedish Riksbank indicated that it expects its latest 25 basis point interest rate cut to be the last in the cycle. But we expect the adverse knock-on effects from an intensification of the euro... 16th February 2012 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank cuts rates and more likely to come The Swedish Riksbank’s decision to reduce interest rates is a timely reminder that even the strongest performing European economies are not immune from the effects of the euro-zone debt crisis. We... 20th December 2011 · 1 min read
Nordic & Swiss Economics Update SNB’s action won’t rescue the Swiss economy Today’s decision by the Swiss National Bank to apply a limit of 1.20 per euro to the franc is a bold move which it has pledged to defend at all costs. But in the end, there may be limits to how many... 6th September 2011 · 1 min read
Nordic & Swiss Economics Update Strong Swiss franc starts to hurt Swiss GDP data show that the economy held up relatively well in Q2, but exports have already begun to fall. As the Swiss National Bank struggles to prevent a renewed appreciation of the franc, the... 1st September 2011 · 1 min read
Nordic & Swiss Economics Update Euro-zone crisis another headache for Iceland The Icelandic central bank’s surprise interest rate hike today was in stark contrast to the increasingly dovish tone of other central banks around the world. The move reflected a sharp increase in... 17th August 2011 · 1 min read
Nordic & Swiss Economics Update What more can the SNB do? The Swiss National Bank has not exhausted all options to stem the franc’s appreciation and might yet try capital controls or direct intervention in currency markets. But internationally co-ordinated... 11th August 2011 · 1 min read
Nordic & Swiss Economics Update SNB action unlikely to stem the franc’s rise The Swiss National Bank’s decision to cut interest rates to almost zero and embark on a renewed bout of quantitative easing to stem the franc’s appreciation looks pretty bold. But we still think that... 3rd August 2011 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank hikes rates and signals more to come The Swedish Riksbank once again raised interest rates and reiterated that it expects more to come.While we expect further hikes in the short term, we think that the pace of monetary tightening willbe... 5th July 2011 · 1 min read
Nordic & Swiss Economics Update SNB strikes a dovish tone As expected, the Swiss National Bank left its interest rate target unchanged at today’s meeting. With the Bank striking a slightly more downbeat tone in its statement and the Swiss franc’s strength... 16th June 2011 · 1 min read
Nordic & Swiss Economics Update Economic clouds still hanging over Iceland The dust clouds may have cleared but economic gloom continues to hang over Iceland. While the economy returned to growth in Q1, conditions for consumers remain grim and large risks remain over plans... 8th June 2011 · 1 min read
Nordic & Swiss Economics Update SNB interest rate hike not around the corner Despite growing domestic price pressures, the Swiss National Bank left its interest rate target at 0.25% at today’s meeting. While the Bank’s tone was a bit more upbeat than expected, the inflation... 17th March 2011 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank becoming more hawkish As expected, the Swedish Riksbank responded to the economy’s ongoing robust revival by raising interest rates and revising up its interest rate forecast. Nonetheless, we still think that weaker than... 15th February 2011 · 1 min read
Nordic & Swiss Economics Update Iceland still faces major challenges The joke about the differences between Iceland and Ireland (one letter and about six months) might provide some encouragement to the latter in the light of recent signs that Iceland is turning the... 4th January 2011 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank signals more rate hikes to come The Swedish Riksbank responded to the recent strong economic data by raising interest rates today for the fourth time since July. But while further rate hikes are inevitable, we expect monetary policy... 15th December 2010 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank hikes rates and signals more to come Despite the krona’s recent strength, the Swedish Riksbank raised interest rates for the third time in four months. Although further hikes are inevitable, we expect the pace of tightening to ease... 26th October 2010 · 1 min read
