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
Europe Economic Outlook Crisis deepens as slowdown spreads to the core The latest rescue package for Greece has reduced the threat of a near-term catastrophe in the eurozone.But it does not address the fundamental problems facing Greece itself and is unlikely to bring an... 27th July 2011 · 1 min read
Europe Commercial Property Update Will the franc derail the Swiss occupier market recovery? It looks increasingly likely that the sovereign debt crisis in the euro-zone will take a heavy toll on the Swiss economy. As a result, the emerging recovery in Swiss commercial property rental values... 21st July 2011 · 1 min read
Global Markets Update What next for the Swiss franc? Most of the world’s major “paper” currencies have fallen out of favour. But the Swiss franc is an exception to the rule. It has even outperformed gold since the start of the year. We expect the upward... 20th July 2011 · 1 min read
Europe 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... 17th June 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
Europe Data Response Swiss GDP (Q1) The Swiss economy expanded only modestly in the first quarter of this year. With the strong franc likely to hit exports over the coming quarters, growth looks likely to remain fairly lacklustre. 31st May 2011 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q1 11) The Swiss economy expanded only modestly in the first quarter of this year. With the strong franc likely to hit exports over the coming quarters, growth looks likely to remain fairly lacklustre. 31st May 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
Europe 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
Europe Commercial Property Update Is the convergence of Zurich and Geneva office rents justified? The combination of stronger occupier demand from multinational and financial services firms, lower completion volumes and a low starting vacancy rate has helped close the gap between the level of... 10th March 2011 · 1 min read
Europe Data Response Swiss & Swedish GDP (Q4) Q4’s Swiss and Swedish GDP releases confirmed that some of the European economies outside the euro-zone are expanding at a healthy pace. But strong currencies will ensure that the external sectors... 1st March 2011 · 1 min read
Europe 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 September 2010 · 1 min read
Europe Data Response Swiss GDP (Q2) Q2’s GDP release confirmed that the Swiss economy is still performing very well. However, the breakdown of growth cast doubts over whether the recent pace of expansion can be maintained over the... 2nd September 2010 · 1 min read
Nordic & Swiss Economics Update SNB to scale back currency intervention The SNB’s hints that it will scale back its currency intervention suggest that the franc is set to appreciate more sharply and interbank interest rates should rise back towards the Bank’s target of 0... 17th June 2010 · 1 min read
Europe Economics Update SNB to scale back currency intervention The SNB’s hints that it will scale back its currency intervention suggest that the franc is set to appreciate more sharply and interbank interest rates should rise back towards the Bank’s target of 0... 17th June 2010 · 1 min read
