Nordic & Swiss Data Response Swedish Consumer Prices (Nov.) The slight drop in core inflation in November further decreases the chances of the Riksbank raising rates next week. Nonetheless, we still expect the first hike in February as underlying inflation is... 12th December 2018 · 1 min read
Nordic & Swiss Economics Weekly Swiss-EU tensions rise, Iceland’s economy stagnates Switzerland’s Federal Council has been debating this week on whether to align itself more closely with the EU, a decision with serious implications for the country’s status as an international... 7th December 2018 · 1 min read
Nordic & Swiss Central Bank Watch Riksbank and Norges Bank turning more dovish At next week’s monetary policy meeting, the Swiss National Bank is set to reiterate its ultra-dovish stance. Meanwhile, recent developments in Sweden and Norway suggest that policymakers in both... 7th December 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Oct.) Sweden’s private sector production data for October suggest that the economy bounced back after Q3’s contraction. This reduces the risk of the Riksbank delaying its first rate hike beyond February. 5th December 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Nov.) The increase in manufacturing PMIs for Switzerland, Sweden and Norway in November offers hope that the weakness of economic activity in Q3 was not the start of a deeper downturn. But since the surveys... 3rd December 2018 · 1 min read
Nordic & Swiss Economics Weekly Weak Q3 data bode ill for Switzerland and Sweden Data released this week which showed that Swiss GDP contracted in Q3 support our view that the SNB will keep interest rates on hold longer than investors currently expect. Meanwhile, other data showed... 30th November 2018 · 1 min read
Nordic & Swiss Data Response Swedish & Swiss GDP (Q3) The very weak Swiss Q3 GDP data make us more confident that the SNB will keep monetary policy ultra-loose longer than investors expect. Meanwhile, the contraction in the Swedish economy in Q3 suggests... 29th November 2018 · 1 min read
Nordic & Swiss Economics Weekly Swedish housing risks won’t stop rate hikes The Riksbank’s Financial Stability Report highlighted the risks that higher interest rates would pose to the housing market and to households. But we continue to expect a first rate hike in December... 23rd November 2018 · 1 min read
Nordic & Swiss Economics Weekly Riksbank still on course for December hike October’s weaker-than expected inflation data, published this week, are unlikely to deter the Riksbank from raising interest rates in the coming months, with a December hike most likely in our view... 16th November 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Oct.) The slight fall in Swedish inflation in October will not significantly influence the Riksbank’s decision on the timing of its first rate hike, which we still expect in December. Underlying inflation... 14th November 2018 · 1 min read
Nordic & Swiss Economics Weekly Central Bank of Iceland hikes, Riksbank to follow The Central Bank of Iceland this week raised interest rates slightly sooner than we had anticipated and we expect it to tighten policy further in the coming months. The Riksbank is also set to raise... 9th November 2018 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Emerging European cycle still has further to go Office occupier demand was again strong this quarter, driving vacancy rates lower and rental values higher in a number of markets. The retail and industrial sectors saw only limited rental growth... 9th November 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Sep.) Sweden’s monthly private sector production data suggest that overall GDP growth slowed in Q3. But with the timelier surveys continuing to paint a fairly positive picture, we remain fairly optimistic... 6th November 2018 · 1 min read
Nordic & Swiss Economics Weekly Swiss outlook darkens, Riksbank rate rises ahead Surveys published this week suggest that the Swiss economy is faltering after a strong first half of 2018, while inflationary pressures remain weak. This supports our view that the SNB will keep... 2nd November 2018 · 1 min read
Nordic & Swiss Economics Update Riksbank set to tighten faster than investors expect While the minutes to the Riksbank’s October meeting all but confirmed that interest rates will start to rise in the coming months, a December hike is not a done deal. But regardless of whether the... 2nd November 2018 · 1 min read
Nordic & Swiss Economics Weekly Riksbank and Norges Bank signal rate rises ahead While both the Riksbank and the Norges Bank kept monetary policy unchanged this week, they signalled in their policy statements that they intend to raise interest rates in the coming months. With... 26th October 2018 · 1 min read
