Europe Economics Update Swiss National Bank still pulling out all the stops The SNB’s pledge to go on purchasing large quantities of corporate bonds while providing generous liquidity to the banking sector and intervening ‘decisively’ in currency markets has left it among the... 18th June 2009 · 1 min read
Nordic & Swiss Economics Update Swiss National Bank still pulling out all the stops The SNB’s pledge to go on purchasing large quantities of corporate bonds while providing generous liquidity to the banking sector and intervening ‘decisively’ in currency markets has left it among the... 18th June 2009 · 1 min read
Europe Commercial Property Update Why has Swiss commercial property been relatively resilient? To date, capital values in Switzerland have held up better than in most other European markets. This seems consistent with the fact that Swiss property did not become significantly overvalued during... 2nd June 2009 · 1 min read
Europe Economics Update Swiss National Bank joins the unconventional club The SNB’s decision to cut interest rates to 0.25%, provide more liquidity to the banking sector, intervene in currency markets and purchase bonds from the private sector, pushes it towards the top of... 12th March 2009 · 1 min read
Nordic & Swiss Economics Update Swiss National Bank joins the unconventional club The SNB’s decision to cut interest rates to 0.25%, provide more liquidity to the banking sector, intervene in currency markets and purchase bonds from the private sector, pushes it towards the top of... 12th March 2009 · 1 min read
Europe Economics Update Swiss bank losses point to severe recession The record loss reported by UBS yesterday provides further support for our long-held view that the Swiss economy will suffer heavily from its reliance on the financial services sector. This suggests... 11th February 2009 · 1 min read
Nordic & Swiss Economics Update Swiss bank losses point to severe recession The record loss reported by UBS yesterday provides further support for our long-held view that the Swiss economy will suffer heavily from its reliance on the financial services sector. This suggests... 11th February 2009 · 1 min read
Europe Economics Update SNB already considering zero interest rates After today’s expected 50bp interest rate cut, the bottom end of the Swiss National Bank’s target range for three-month interest rates has already hit zero. For now, the Bank will target a rate of... 11th December 2008 · 1 min read
Europe Economics Update Swiss franc’s appreciation supports case for hefty rate cuts The franc’s latest appreciation to a record high against the euro appears to reflect the weakness of the euro-zone economy more than Swiss domestic factors. But the franc’s strength is yet another... 28th October 2008 · 1 min read
Nordic & Swiss Economics Update Swiss franc’s appreciation supports case for hefty rate cuts The franc’s latest appreciation to a record high against the euro appears to reflect the weakness of the euro-zone economy more than Swiss domestic factors. But the franc’s strength is yet another... 28th October 2008 · 1 min read
Europe Economics Update European interest rates to fall much further Today’s co-ordinated interest rate cuts by European central banks clearly demonstrate a determination to provide short-term stability to financial markets. As economic conditions continue to... 8th October 2008 · 1 min read
Europe Economics Update SNB set to cut rates next year The Swiss National Bank left its target range for three-month interest rates unchanged at a mid-point of 2.75%. But with the economic slowdown set to intensify and inflation on course to return to... 18th September 2008 · 1 min read
Nordic & Swiss Economics Update SNB’s optimism likely to prove misplaced Upbeat comments from Swiss National Bank Chairman Jean-Pierre Roth in this morning’s press are atodds with our own view. While it is true that some aspects of the Swiss economy appear robust fornow... 19th August 2008 · 1 min read
Europe Economics Focus Will the credit crunch prompt a Swiss recession? nd’s dependence on the troubled financial services sector points to the risk of an extremely hard landing. We think that the consensus forecasts for Swiss GDP growth are much too complacent and see... 24th June 2008 · 1 min read
Nordic & Swiss Economics Focus Will the credit crunch prompt a Swiss recession? Switzerland’s dependence on the troubled financial services sector points to the risk of an extremely hard landing. We think that the consensus forecasts for Swiss GDP growth are much too complacent... 24th June 2008 · 1 min read
Europe Economics Update SNB on hold; next move still likely to be a cut The Swiss National Bank’s decision to leave its target range for three-month interest rates on hold (at a mid-point of 2.75%) was a relief amid concerns that inflation fears might force the Bank to... 19th June 2008 · 1 min read
