Global Markets Update CAD & NOK set to outperform in 2020 Despite a rise in oil prices over the past couple of months, the Canadian dollar and the Norwegian krone have underperformed most other G10 currencies. Nonetheless, we expect both to fare better next... 19th December 2019 · 2 mins read
Nordic & Swiss Economics Update CAD & NOK set to outperform in 2020 Despite a rise in oil prices over the past couple of months, the Canadian dollar and the Norwegian krone have underperformed most other G10 currencies. Nonetheless, we expect both to fare better next... 19th December 2019 · 2 mins read
Nordic & Swiss Economics Weekly NOK and SEK diverge; Riksbank to hike back to zero The weak Regional Network Survey triggered a sell-off in the Norwegian krone on Tuesday, but it has since made up all the ground that it lost, and more. We are comfortable with our forecast for it to... 13th December 2019 · 4 mins read
Nordic & Swiss Data Response Norway and Denmark Consumer Prices (Nov.) While we expect the Norges Bank to leave its key policy interest rate on hold at 1.50% for the foreseeable future, the persistence of core price pressures means that the balance of risks is skewed... 10th December 2019 · 2 mins read
Nordic & Swiss Economics Weekly Weak Swedish data; SNB to maintain the status quo The latest run of weak data from Sweden is unlikely to sway the Riksbank from hiking on the 19 th December, but only reaffirms our view that the Bank will have to loosen policy next year. We think... 6th December 2019 · 6 mins read
Nordic & Swiss Economics Weekly Q3 GDP data are not a sign of things to come While Q3 GDP data from Switzerland and Sweden, released this week, were stronger than what we had pencilled in, they do not change our views on the outlooks for monetary policy in either case. We... 29th November 2019 · 5 mins read
Global Markets Update Swiss & Swedish govt. bond yields likely to drop back We doubt that the global pick-up in government bond yields will resume anytime soon, so domestic monetary policy is likely to be the key driver of bonds in Switzerland and the Nordics. With that in... 25th November 2019 · 3 mins read
Nordic & Swiss Economics Update Swiss & Swedish govt. bond yields likely to drop back We doubt that the global pick-up in government bond yields will resume anytime soon, so domestic monetary policy is likely to be the key driver of bonds in Switzerland and the Nordics. With that in... 25th November 2019 · 3 mins read
Nordic & Swiss Data Response Norway’s GDP (Q3) This morning’s release of Q3 GDP data from Norway confirms that the economy is faring much better than its Nordic peers. The economy looks set to lose some pace in the coming months but we do not... 12th November 2019 · 2 mins read
Nordic & Swiss Data Response Norway and Denmark Consumer Prices (Oct.) While we expect the Norges Bank to leave its key policy interest rate on hold at 1.50% into 2022, the persistence of above-target core inflation in Norway will ensure that it maintains a comparatively... 11th November 2019 · 2 mins read
Nordic & Swiss Economics Weekly Riksbank to hike back to zero; Finland losing steam While the Riksbank appears dead-set on raising its repo rate back to zero in December, we suspect that it will only be a matter of time before it will have to loosen policy again. Meanwhile, we expect... 25th October 2019 · 6 mins read
Nordic & Swiss Economics Update Hawkish Riksbank to reverse course in 2020 Having left its repo rate on hold at -0.25% this morning, we do not doubt the Riksbank’s clear intent to raise it to zero in December. However, with economic growth set to slow in 2020, and underlying... 24th October 2019 · 3 mins read
Global Markets Update Brighter outlook for Norwegian krone next year While we think that there is still a bit more scope for the Norwegian krone to fall against the euro, we expect the currency to bounce back over the next couple of years, as the country’s terms of... 23rd October 2019 · 3 mins read
Nordic & Swiss Economics Update Brighter outlook for Norwegian krone next year While we think that there is still a bit more scope for the Norwegian krone to fall against the euro, we expect the currency to bounce back over the next couple of years, as the country’s terms of... 23rd October 2019 · 3 mins read
Nordic & Swiss Central Bank Watch Further rate cuts in the pipeline We expect the Riksbank and the Norges Bank to leave interest rates on hold at their policy meetings this week. Elsewhere, we think that the Central Bank of Iceland will cut rates at its next meeting... 22nd October 2019 · 8 mins read
Nordic & Swiss Chart Pack NOK to fall further before reversing course next year While the Swiss and Swedish economies appear to have contracted in Q3, mainland GDP growth in Norway is chugging along nicely. And even though activity is set to slow in 2020, Norway will remain a... 17th October 2019 · 10 mins read
