Nordic & Swiss Data Response Norway Consumer Prices (Jan.) Core Norwegian inflation edged down in January and will continue to fall back this year as the inflationary boost from previous krone weakness fades. The Norges Bank will be in no rush to raise... 10th February 2021 · 2 mins read
Nordic & Swiss Economics Weekly Swedish resilience, Swiss reluctance The latest data show that the Swedish economy is proving more resilient to virus containment measures than we had feared, giving the Riksbank some breathing room ahead of next week’s meeting. Having... 5th February 2021 · 7 mins read
Nordic & Swiss Data Response Sweden GDP Indicator (Q4) & Man. PMIs (Jan.) The strong set of January manufacturing PMIs from Switzerland and the Nordics indicates that industry continued to cushion the blow from virus restriction-driven declines in services activity at the... 1st February 2021 · 2 mins read
Nordic & Swiss Economics Weekly Swiss economy in for a tough few months This week's data support our view that the Swiss economic recovery has shifted into reverse this quarter. Meanwhile, next week’s data are likely to show that Sweden’s economy expanded relatively... 29th January 2021 · 5 mins read
Nordic & Swiss Economic Outlook At the front of the pack Having experienced some of the smallest falls in output in Europe in 2020, GDP in Switzerland and the Nordics is likely to rise back to pre-virus levels in H2 2021 – about a year ahead of the euro... 27th January 2021 · 13 mins read
Europe Commercial Property Update Can Oslo office yields continue to edge lower? Although much of 2020’s fall in Norwegian government bond yields has been reversed, we think that improving economic activity and supportive valuations will allow prime office yields to reach new... 25th January 2021 · 3 mins read
Nordic & Swiss Economics Weekly Slow vaccine rollout key risk to the outlook In a quiet week for data, the Norges Bank left its key policy rate at a record low of zero, where we suspect it will stay until at least 2023. Meanwhile, we think the extension of some virus measures... 22nd January 2021 · 5 mins read
Nordic & Swiss Economics Update Tighter Policy in Norway still a long way off As expected, the Norges Bank left its policy rate on hold at a record low of zero once again this morning and reiterated that it “will most likely remain at today’s level for some time ahead”. This... 21st January 2021 · 3 mins read
Nordic & Swiss Economics Weekly Rate cut more likely than not in Denmark Another week another set of data which add to the signs that Norway’s and Sweden’s economies ended Q4 on a decent note and outperformed even the best-performing major euro-zone economies in 2020... 15th January 2021 · 4 mins read
Nordic & Swiss Chart Pack Vaccines rollouts to boost GDP & Nordic currencies The latest data suggest that activity was more resilient in Q4 than we had previously feared, with GDP in Norway and Sweden likely to have grown relative to the previous quarter, for example. That... 14th January 2021 · 5 mins read
Nordic & Swiss Central Bank Watch Norges Bank eyeing tighter macroprudential policy The Norges Bank will almost certainly leave its key interest rate on hold at zero next Thursday, but there is an outside chance that it could start to re-tighten macroprudential policy to tame the... 14th January 2021 · 5 mins read
Nordic & Swiss Data Response Norway GDP (Nov.) & Sweden Activity Ind. (Nov.) The smaller-than-expected fall in mainland Norwegian GDP in November shows that activity was reasonably resilient to tighter virus-related restrictions and was well placed coming into 2021. While... 12th January 2021 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Dec.) While core Norwegian inflation edged further above target in December, it is set to fall back swiftly this year and so the Norges Bank will be in no rush to raise interest rates. 11th January 2021 · 2 mins read
Nordic & Swiss Economics Weekly In store for a bumpy start to 2021 The gloomy backdrop of rising virus cases casts a dark shadow over Q1. However, we expect the rollout of vaccines will pave the way to a rebound in economic activity in May/June, and that Nordic... 8th January 2021 · 6 mins read
Nordic & Swiss Economics Update The Nordic currencies could rise further in 2021 We expect both the Swedish krona and the Norwegian krone to appreciate against the euro and the dollar in 2021. However, in contrast to 2020, we expect the NOK to outperform the SEK slightly this year... 7th January 2021 · 4 mins read
Global Markets Update The Nordic currencies could rise further in 2021 We expect both the Swedish krona and the Norwegian krone to appreciate against the euro and the dollar in 2021. However, in contrast to 2020, we expect the NOK to outperform the SEK slightly this year... 7th January 2021 · 4 mins read
