Europe Economics Update Sustained franc strength will hit Swiss economy hard The Swiss National Bank’s (SNB) shock decision to abandon its ceiling for the franc reflected its judgement that the policy was just not sustainable. Unless it can reverse the franc’s appreciation... 15th January 2015 · 1 min read
Nordic & Swiss Economics Update Sustained franc strength will hit Swiss economy hard The Swiss National Bank’s (SNB) shock decision to abandon its ceiling for the franc reflected its judgement that the policy was just not sustainable. Unless it can reverse the franc’s appreciation... 15th January 2015 · 1 min read
Global Economics Update What role for exchange rate ceilings? The Swiss National Bank introduced a negative deposit rate yesterday, but its main tool to combat the threat of deflation is a ceiling for the Swiss franc. Given the continued threat of deflation and... 19th December 2014 · 1 min read
Europe Economics Update SNB will need to act against the franc very soon While the Swiss National Bank (SNB) left policy on hold today, it reaffirmed its “utmost determination” to defend its ceiling for the franc exchange rate. It may introduce a negative interest rate to... 11th December 2014 · 1 min read
Nordic & Swiss Economics Update SNB will need to act against the franc very soon While the Swiss National Bank (SNB) left policy on hold today, it reaffirmed its “utmost determination” to defend its ceiling for the franc exchange rate. It may introduce a negative interest rate to... 11th December 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Prime yields to fall for another three years The stance of monetary policy is likely to stay exceptionally loose for the foreseeable future. And coupled with low inflation, we expect bond yields to stay lower for longer. Therefore, it seems... 8th December 2014 · 1 min read
Europe Data Response Swiss GDP (Q3) Q3’s Swiss GDP figures suggested that the economy is still holding up well against the twin pressures of euro-zone weakness and the strong franc. But the Swiss National Bank may have more work to do... 3rd December 2014 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q3 14) Q3’s Swiss GDP figures suggested that the economy is still holding up well against the twin pressures of euro-zone weakness and the strong franc. But the Swiss National Bank may have more work to do... 3rd December 2014 · 1 min read
Europe Economics Update How will other European central banks react to ECB QE? The likely introduction of “full-blown” quantitative easing by the ECB may well put pressure on other European central banks to follow suit and introduce their own unconventional measures in order to... 1st December 2014 · 1 min read
Nordic & Swiss Economics Update How will other European central banks react to ECB QE? The likely introduction of “full-blown” quantitative easing by the ECB may well put pressure on other European central banks to follow suit and introduce their own unconventional measures in order to... 1st December 2014 · 1 min read
Global Markets Update What if the Swiss vote to “save our gold”? This weekend the Swiss public will probably reject a proposal to force the Swiss National Bank (SNB) to increase its gold holdings. Nonetheless, a surprise “yes” would provide a significant boost to... 28th November 2014 · 1 min read
Europe Economics Update Gold referendum highlights limits of SNB policy Fears that a referendum over the Swiss National Bank’s (SNB’s) gold holdings might prevent the Bank defending its ceiling for the Swiss franc may be overblown. But the referendum highlights political... 4th November 2014 · 1 min read
Nordic & Swiss Economics Update Gold referendum highlights limits of SNB policy Fears that a referendum over the Swiss National Bank’s (SNB’s) gold holdings might prevent the Bank defending its ceiling for the Swiss franc may be overblown. But the referendum highlights political... 4th November 2014 · 1 min read
Europe Economic Outlook Stalled recovery adds to pressure on policymakers The European economic recovery has weakened, with the euro-zone now at risk of recession and countries outside the region feeling the effects on their exports. While the euro-zone’s peripheral... 13th October 2014 · 1 min read
Europe Commercial Property Update Where next for prime office yields in Switzerland? Despite a weak outlook for the occupier markets, we expect Swiss prime office yields to mark time at their current levels for at least another 12 to 18 months as bond yields stay close to historic... 9th October 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Hunt for yield will drive investors east Over the first half of the year, capital values in the Emerging European commercial property markets were little changed, while values in non-euro-zone Western markets edged a little higher. Over the... 3rd September 2014 · 1 min read
