Nordic & Swiss Data Response Swiss Consumer Prices (Nov.) While November’s fall in Swiss inflation was mainly due to energy effects, the weakness of core inflation will do little to ease fears that the economy may be experiencing a sustained bout of damaging... 6th December 2016 · 1 min read
Non-Euro Europe Commercial Property Outlook CEE yields to fall faster and for longer As in the euro-zone, monetary policy is set to stay loose in the rest of Europe keeping real estate attractive. That said, the current phase of falling yields is set to end in 2019 in Western European... 2nd December 2016 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q3, 1st Estimate) The stagnation of Swiss GDP in Q3 demonstrates the negative impact that deflation and the strong franc have had on the economy. With a plethora of political risks inthe euro-zone set to keep the franc... 2nd December 2016 · 1 min read
Nordic & Swiss Economics Update External market drivers Trump domestic factors The election of Donald Trump in the US drove large moves in Nordic and Swiss financial markets last month, with currencies generally depreciating against the US dollar while long-term bond yields... 1st December 2016 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Nov.) November’s PMIs suggest that Swiss and Swedish manufacturers are performing well, while their Norwegian and Danish counterparts are still lagging behind. 1st December 2016 · 1 min read
Nordic & Swiss Chart Pack Latest data highlight varying inflation outlooks October’s consumer prices data highlight the contrasting inflation outlooks in Sweden, Switzerland and Norway. In Sweden, consumer price inflation picked up to its strongest rate in four-and-a-half... 18th November 2016 · 1 min read
Nordic & Swiss Economics Update Trump win could widen policy divergence next year We suspect that the Nordic and Swiss economies will see limited effects from Mr Trump’s victory. Butit makes monetary policy divergence between Switzerland and Sweden next year slightly more likely. 9th November 2016 · 1 min read
Nordic & Swiss Economics Update What will the US election mean for the Nordic and Swiss economies? The importance of international trade to the Nordics and Switzerland, as well as the franc’s role as a safe haven, mean that the outcome of the US election is potentially important to the region. This... 8th November 2016 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Oct.) October’s Swiss CPI data did little to ease fears that the economy may be experiencing a sustained bout of damaging deflation. This supports our view that additional monetary policy support will be... 7th November 2016 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Oct.) & Swiss Retail Sales (Sep.) October’s manufacturing PMIs generally painted a positive picture of economic growth.But the surveys’ price indices suggest that inflationary pressures vary across the region. 1st November 2016 · 1 min read
Nordic & Swiss Data Response Swiss KOF Economic Barometer (Oct.) October’s rise in the Swiss KOF Economic Barometer suggests that GDP growth could accelerate in the near term. But with the full effects of the franc’s strength yet to be felt and deflation risks... 28th October 2016 · 1 min read
Nordic & Swiss Economic Outlook Policy divergences to favour Swedish krona The Nordic and Swiss economies’ reasonable economic performance, low public debt and stable political backdrop should help to maintain their safe haven status. But there will be some marked economic... 17th October 2016 · 1 min read
Nordic & Swiss Economics Update Cautious SNB won’t hike rates for some time yet Fears that domestic price pressures might prompt the Swiss National Bank to tighten monetary policy proved unfounded today as it left its interest rate target at 0.25%. The Bank’s tone was gloomier... 16th October 2016 · 1 min read
Nordic & Swiss Economics Update SNB to remain in strongly accommodative mode Despite the improvement in financial market conditions, continued recovery of the Swiss economy and softening of the franc, the Swiss National Bank (SNB) re-emphasised today that it intends to... 19th September 2016 · 1 min read
Europe Economics Update SNB on hold, but set to renew currency interventions The Swiss National Bank’s decision to leave policy on hold came as no surprise as easing Brexit fearsand the ECB’s inaction have led upward pressure on the franc to abate. But the SNB made clear that... 15th September 2016 · 1 min read
Nordic & Swiss Economics Update SNB on hold, but set to renew currency interventions The Swiss National Bank’s decision to leave policy on hold came as no surprise as easing Brexit fears and the ECB’s inaction have led upward pressure on the franc to abate. But the SNB made clear that... 15th September 2016 · 1 min read
