Europe Rapid Response Sweden CPI (December) The fall in inflation in December will ease policymakers’ concerns about upside risks to inflation. We had previously been expecting them to wait until March before cutting the policy rate for a last... 8th January 2025 · 1 min read
Europe Economics Update What to expect from next week’s data Next week will be a busy one for data releases in Europe. We think that the data will underline that core price pressures are continuing to ease gradually in the euro-zone, while economic growth... 3rd January 2025 · 3 mins read
Europe Economics Update Norges Bank and Riksbank divergence continues The Riksbank’s decision to cut its policy rate by 25bp to 2.5% was widely anticipated and we expect it to cut just one last time next year, by 25bp in March. In contrast, Norges Bank left its policy... 19th December 2024 · 3 mins read
Europe Rapid Response Riksbank Policy Announcement (December 2024) The Riksbank cut its policy rate by just 25bp today to 2.5% and it is unlikely to cut at its next meeting in January. Further ahead, we now expect just one more 25bp cut next year, in March, as we... 19th December 2024 · 2 mins read
Europe Economic Outlook Low growth, low inflation, low rates We expect economic growth in the euro-zone to remain sluggish. This is partly due to adverse demographics and structural forces hampering the competitiveness of industry. But past monetary tightening... 16th December 2024 · 28 mins read
Europe Economics Update One step at a time for the Riksbank Next Thursday, we expect the Riksbank to reduce its policy rate from 2.75% to 2.5% as it closes in on the end of its loosening cycle. In contrast, we think Norges Bank will leave its policy rate... 12th December 2024 · 5 mins read
Europe Rapid Response Sweden CPI (November) While all three key measures of inflation in Sweden rose in November, this does not change the underlying story that inflation is around its target level and is likely to stay there over the next year... 5th December 2024 · 1 min read
Europe Economics Update Bumper cut today, but smaller cuts to follow Today’s 50bp cut is likely to be the only one in the cycle for the Riksbank, and we expect it to cut by just 25bp at its next two meetings to take the policy rate to its “terminal” level of 2.25% in... 7th November 2024 · 3 mins read
Europe Rapid Response Riksbank Policy Announcement (November 2024) The Riksbank cut its policy rate by 50bp today to 2.75%, but the accompanying policy statement suggested that it plans only two more 25bps rate cuts to take it to a “terminal” rate of 2.25%. Given... 7th November 2024 · 2 mins read
Europe Economics Update One step at a time for the Riksbank Despite the Riksbank reopening the door to a 50bp cut at its last meeting, we think it will proceed gradually and cut by 25bps next week to 3.0%. This is because the policy rate is approaching the... 31st October 2024 · 5 mins read
Europe Rapid Response Sweden GDP (Q3) Preliminary data show that Sweden’s economy contracted by 0.1% q/q in the third quarter, far below the consensus expectation and the Riksbank’s forecasts (0.5% and 0.2% respectively). At face value... 29th October 2024 · 2 mins read
Europe Economics Update Consumption to drive Sweden’s recovery Sweden’s economy is likely to see a strong rebound next year as consumption will benefit from fiscal stimulus and lower household interest expenditure. We think that the recovery will encourage the... 9th October 2024 · 4 mins read
Europe Rapid Response Sweden CPI (September) September’s drop in inflation in Sweden will reinforce the Riksbank’s inclination to keep cutting interest rates at the next few meetings. 8th October 2024 · 2 mins read
Europe Economics Update Riksbank won’t cut as far as it expects The Riksbank’s decision to cut by 25bp today to 3.25% was all but guaranteed, but the accompanying statement was surprisingly dovish. Policymakers said the policy rate could be cut faster and further... 25th September 2024 · 3 mins read
Europe Rapid Response Riksbank Policy Announcement (September 2024) 25th September 2024 · 2 mins read
Europe Economics Update Riksbank to continue loosening policy this year Unlike their counterparts in the Fed, policymakers at the Riksbank have ruled out making a bumper 50bp rate cut anytime soon. Instead, they are likely to cut their key policy rate by 25bp at next week... 18th September 2024 · 5 mins read
