Nordic & Swiss Data Response Switzerland CPI (Dec.) Headline inflation in Switzerland fell in December but the rise in the core rate will be a concern for SNB policymakers. We still think that the Bank will raise rates by just 25bp in March, compared... 4th January 2023 · 2 mins read
Nordic & Swiss Economics Update SNB hikes by 50bp, hints at more to come The SNB’s 50bp rate hike, to 1.00%, was in line with expectations but, more importantly, the Bank also raised its medium-term inflation forecast slightly, hinting that policymakers believe future... 15th December 2022 · 3 mins read
Nordic & Swiss Rapid Response Swiss National Bank Policy Meeting (Dec. 2022) 15th December 2022 · 2 mins read
Nordic & Swiss Economics Weekly SNB and Norges Bank to hike on “Super Thursday” We expect the Norges Bank and Swiss National Bank to raise interest rates next Thursday, by 25bp and 50bp respectively, bringing an end to the tightening cycle for the SNB and getting close to the end... 9th December 2022 · 6 mins read
Nordic & Swiss Central Bank Watch SNB to end tightening cycle with 50bp hike The SNB is likely to look through the recent fall in inflation and hike rates by 50bp next Thursday, to 1.0%, in line with market expectations. We now think that this will be the end of the tightening... 8th December 2022 · 4 mins read
Nordic & Swiss Economics Weekly Tweaking our forecast for Switzerland With recent data suggesting that the Swiss economy is holding up better than we had anticipated, we now think GDP will be unchanged in 2023 compared to this year. That would still imply a weaker... 2nd December 2022 · 6 mins read
Nordic & Swiss Data Response Switzerland CPI (Nov.) The low inflation rate in November supports our view that the Swiss National Bank will not need to raise interest rates much further in the current cycle. Indeed, there is a growing chance that... 1st December 2022 · 2 mins read
Nordic & Swiss Data Response Switzerland GDP (Q3) After increasing by 0.2% q/q in Q3, the Swiss economy is set to slow in Q4, although any recession will probably be shallower than we had previously expected, and shallower than in neighbouring... 29th November 2022 · 2 mins read
Nordic & Swiss Economics Weekly Housing risks rising; strong activity in Sweden Policymakers at the Riksbank and Norges Bank face a tricky balancing act. The latest housing indicators from Sweden and Norway have been very weak, implying that prices will fall. But October’s... 11th November 2022 · 6 mins read
Nordic & Swiss Data Response Switzerland CPI (Oct.) The decline in both core and headline inflation in October supports our view that Switzerland has passed peak inflation. We expect further falls in the coming months which will allow the SNB to raise... 3rd November 2022 · 2 mins read
Nordic & Swiss Economic Outlook Tightening cycles have further to run Prospects for economic activity have deteriorated further in recent months as headwinds to growth have become stronger. Inflation looks set to remain high for longer, eroding households’ real incomes... 25th October 2022 · 12 mins read
Nordic & Swiss Economics Update Low Swiss inflation will keep pressure off SNB The low level of inflation in Switzerland compared to the euro-zone mainly reflects smaller contributions from energy and food. But core inflation is lower too, helped by the exchange rate and... 5th October 2022 · 4 mins read
Nordic & Swiss Data Response Switzerland CPI (Sep.) & Manufacturing PMIs (Sep.) The fall in the headline rate of inflation in Switzerland in September suggests that price pressures may have peaked there, which is consistent with the message from the latest business surveys... 3rd October 2022 · 2 mins read
Nordic & Swiss Economics Update SNB adds to crop of bumper rate rises The Swiss National Bank is likely to follow today’s 75bp rate rise with further increases at its next couple of meetings to keep a lid on inflationary pressure. But we still think investors have got... 22nd September 2022 · 3 mins read
Nordic & Swiss Rapid Response Swiss National Bank Policy Meeting (Sep. 2022) 22nd September 2022 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI (Aug.) Swiss inflation came in a little higher than expected in August, at 3.5%, while the core rate was unchanged at 2.0%. Although these rates are enviably low by international standards, the SNB is likely... 1st September 2022 · 2 mins read
