Nordic & Swiss 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 amid-point of 2.75%) was a relief amid concerns that inflation fears might force the Bank to... 19th June 2008 · 1 min read
Europe Economics Update SNB highlights weaker growth prospects After leaving interest rates on hold as expected (at a mid-point of 2.75%) the Swiss National Bank stressed that it expects economic activity to slow sharply this year. While strong price pressures... 13th March 2008 · 1 min read
Nordic & Swiss Economics Update SNB highlights weaker growth prospects After leaving interest rates on hold as expected (at a mid-point of 2.75%) the Swiss National Bank stressed that it expects economic activity to slow sharply this year. While strong price pressures... 13th March 2008 · 1 min read
Nordic & Swiss Economics Update SNB likely to stay on hold for some time The SNB was never likely to shock markets with an interest rate hike today, particularly in the current environment of uncertainty. While the Bank seems to have maintained a slight tightening bias, we... 13th December 2007 · 1 min read
Nordic & Swiss Economics Update SNB hikes, but outlook blurred by market turmoil The Swiss National Bank (SNB)’s decision to hike rates adds to the evidence that the recent market turmoil does not preclude further policy tightening from central banks, especially when rates are... 13th September 2007 · 1 min read
Nordic & Swiss Economics Update Strong Swiss growth supports case for September hike The further strong gain in Swiss GDP in Q2 suggests that capacity pressures are continuing to build. This could keep the SNB in tightening mode, despite recent financial market turbulence and still... 4th September 2007 · 1 min read
Nordic & Swiss Economics Update Hawkish SNB points to further rate hikes to come Today’s decision by the Swiss National Bank (SNB) to raise the target mid-point for 3 month interbank interest rates (Libor) by 25bps to 2.5% came as no surprise – indeed, the 3 month Libor itself had... 14th June 2007 · 1 min read
Nordic & Swiss Data Response SNB hints that tightening cycle is nearing peak Today’s decision by the Swiss National Bank (SNB) to raise the target mid-point for the 3 month Libor by 25bps to 2.25% was fully expected – indeed, the 3 month Libor itself had already reached 2.25%... 15th March 2007 · 1 min read
Nordic & Swiss Economics Update Modest growth eases pressure on SNB to hike Data released earlier today showed Swiss GDP growth picking up only slightly in Q4, to 0.5% q/q from Q3’s disappointing 0.4%. The outturn was below the consensus forecast, which had been for arise of... 6th March 2007 · 1 min read
Nordic & Swiss Economics Update SNB signals further rate hikes to come Today’s decision by the Swiss National Bank (SNB) to raise the target mid-point for the 3 month Libor by 25bps to 2.0% came as no surprise whatsoever. After all, the press statement accompanying its... 14th December 2006 · 1 min read
Nordic & Swiss Economics Update SNB continues to remove monetary stimulus It came as no surprise at all that the Swiss National Bank (SNB) today raised rates by a further 25bps (bringing the mid-point of its target range for the three month Libor to 1.75%). After all, the... 14th September 2006 · 1 min read
Nordic & Swiss Economics Update SNB well on the road to ‘normalisation' Today’s decision by the Swiss National Bank (SNB) to raise the target mid-point for the 3 month Libor by 25bps to 1.5% came as very little surprise. Like the latest rise in ECB rates, today’s hike... 15th June 2006 · 1 min read
