Nordic & Swiss Economics Weekly SNB ready to intervene; Sweden’s GDP to disappoint While the fall in the Swiss franc after the ECB meeting this week will have calmed some nerves at the SNB, we think that the currency will rise further over the next six months and it is a question of... 26th July 2019 · 7 mins read
Nordic & Swiss Economics Weekly Swiss exporters exposed to the rising franc Swiss exporters are feeling the pinch from the stronger franc and we think that things will get worse before they get better. Meanwhile, having weakened in Q2, the Finnish economy is likely to remain... 19th July 2019 · 4 mins read
Nordic & Swiss Economics Weekly Divergent trends in Swedish and Norwegian growth The Norwegian economy appears to have gathered pace in Q2, but the latest data from Sweden paint an increasingly gloomy picture for domestic demand. So while the Norges Bank will continue to buck the... 12th July 2019 · 4 mins read
Nordic & Swiss Economics Weekly No more “boring” SNB, Riksbank in denial The Swiss 10-year bond yield dropped to a record low this week, and the prospect of further easing by the Swiss National Bank suggests that the rally has further to run. Meanwhile, although the... 5th July 2019 · 6 mins read
Nordic & Swiss Economics Weekly Swiss-EU spat boils over; Riksbank to lower rate path The dispute between Switzerland and the EU has shifted up a gear but is unlikely to prevent the Swiss franc from rising further this year. Meanwhile, although the Riksbank looks certain to leave its... 28th June 2019 · 5 mins read
Nordic & Swiss Economics Weekly Swiss franc surges; best of Swedish bond rally is over Having seen the Swiss franc climb close to a two-year high this week following the flare-up in tensions between the US and Iran, the SNB will surely consider intervening soon – particularly if these... 21st June 2019 · 1 min read
Nordic & Swiss Economics Weekly Perma-doves at the SNB, Norges Bank to hike again The Swiss National Bank’s decision to leave its monetary policy settings unchanged on Thursday was something of a formality. But whereas some commentators have suggested that the Bank is out of... 14th June 2019 · 1 min read
Nordic & Swiss Economics Weekly Denmark shifts left; NOK to rise despite lower oil price Political news dominated this week, with the left-wing ‘red-bloc’ winning a majority in Denmark’s election and the successful formation of a five-party coalition in Finland – the Rinne Cabinet. On the... 7th June 2019 · 1 min read
Nordic & Swiss Economics Weekly GDP growth to fall back in Q2; Danes go to the polls This week was dominated by Q1 GDP data releases, which surprised on the upside in both Switzerland and Sweden. But while the Swiss outcome was a welcome sign, the Swedish figure masked domestic... 31st May 2019 · 1 min read
Nordic & Swiss Economics Weekly Swiss franc set to keep on rising The Swiss franc has strengthened in recent weeks, and we think that this trend will continue over the rest of the year. By contrast, despite the Swedish central bank’s concerns about the krona’s... 24th May 2019 · 1 min read
Nordic & Swiss Economics Weekly Norwegian economy takes a breather We suspect that the weather-related weak patch in Norwegian activity in Q1 will prove temporary. Meanwhile, following the recent flare-up in trade tensions and the Swedish Riksbank’s dovish shift, we... 17th May 2019 · 1 min read
Nordic & Swiss Economics Weekly Norges Bank takes a pause, SNB to cut further The Norges Bank held interest rates on hold at 1.00% at its meeting on Thursday but signalled that it will “most likely” resume its tightening cycle at the next meeting, in June. Meanwhile, the... 10th May 2019 · 1 min read
Nordic & Swiss Economics Weekly Sub-50 Swiss PMI, lower oil prices weigh on NOK As we expected, the KOF Economic Barometer from Switzerland edged down in April and remained consistent with Swiss GDP growth staying subdued in quarterly terms this year. The sub-50 reading for the... 3rd May 2019 · 1 min read
Nordic & Swiss Economics Weekly Mixed messages from the Riksbank The dovish shift in the Riksbank’s policy stance this week was a step in the right direction, but we still think that policymakers and investors are overestimating the potential for interest rate... 26th April 2019 · 1 min read
Nordic & Swiss Economics Weekly Riksbank on hold, Finland coalition talks to drag on The Riksbank is all but certain to keep its repo rate unchanged at -0.25% at its policy meeting next week. Meanwhile, coalition negotiations following last week’s election in Finland are likely to... 18th April 2019 · 1 min read
Nordic & Swiss Economics Weekly Stagnation in Sweden, Norges Bank hawkish Private sector production data for February, released this week, added to the evidence from other indicators that Swedish economic growth slowed sharply at the start of 2019. We think that the Rikbank... 12th April 2019 · 1 min read
