Nordic & Swiss Economics Update Norges Bank cuts rates, but concerns about debt growing We think that today’s interest rate cut by the Norges Bank will be followed by another 25bp reduction in June. But concerns about household debt will prevent further loosening beyond that. 17th March 2016 · 1 min read
Nordic & Swiss Economics Update Weakening economy suggests Norges Bank will act in March The Norwegian economy looks much weaker than the Norges Bank had anticipated at its last meeting in December. With the outlook for GDP and inflation having deteriorated, we think that the Bank will... 24th February 2016 · 1 min read
Europe Commercial Property Update Will falling rents push up prime Oslo office yields? Compounded by a negative rental growth outlook, Oslo offices appear overvalued. However, with foreign investors likely to be lured by the historically weak kroner and domestic investors keen on prime... 23rd February 2016 · 1 min read
Europe Data Response Norwegian GDP (Q4) In 2015, growth in Norway’s mainland economy slowed to its weakest pace in six years. And low oil prices seem likely to continue to weigh on the economy. We suspect that this will prompt the Norges... 16th February 2016 · 1 min read
Nordic & Swiss Data Response Norwegian GDP (Q4 15) In 2015, growth in Norway’s mainland economy slowed to its weakest pace in six years. And low oil prices seem likely to continue to weigh on the economy. We suspect that this will prompt the Norges... 16th February 2016 · 1 min read
Europe Commercial Property Update Nordic investment activity reached record highs in 2015 Commercial property investment in 2015 in the Nordics reached its highest level on record. This was driven by a large increase in the average deal size and strong growth in demand from foreign... 5th January 2016 · 1 min read
Nordic & Swiss Economics Update Norges Bank signals rate cuts next year The Norges Bank left monetary policy unchanged today, but with growth slowing and inflation set to fall, interest rate cuts look highly likely next year, starting at the next policy meeting in March. 17th December 2015 · 1 min read
Europe Data Response Swedish, Danish & Norwegian Consumer Prices (Nov.) November’s consumer prices data showed a continued divergence between the subdued rates of inflation in Sweden and Denmark and stronger price pressures in Norway, reflecting the recent depreciation of... 10th December 2015 · 1 min read
Nordic & Swiss Data Response Swedish, Danish & Norwegian Consumer Prices (Nov. 15) November’s consumer prices data showed a continued divergence between the subdued rates of inflation in Sweden and Denmark and stronger price pressures in Norway, reflecting the recent depreciation of... 10th December 2015 · 1 min read
Europe Data Response Norwegian GDP (Q3) Norway’s oil and gas sector was not as strong in Q3 as the headline GDP data suggest. And growth in the mainland economy slowed. We suspect that this will prompt the Norges Bank to loosen monetary... 17th November 2015 · 1 min read
Nordic & Swiss Data Response Norwegian GDP (Q3 15) Norway’s oil and gas sector was not as strong in Q3 as the headline GDP data suggest. And growth in the mainland economy slowed. We suspect that this will prompt the Norges Bank to loosen monetary... 17th November 2015 · 1 min read
Europe Economics Update Norges Bank policy unchanged, but rate cut likely next year The Norges Bank left its policy rate on hold today, but its loosening cycle is not over. Inflation looks set to fall next year and, as a result, we have pencilled in a 25 basis point cut in March. 5th November 2015 · 1 min read
Nordic & Swiss Economics Update Norges Bank policy unchanged, but rate cut likely next year The Norges Bank left its policy rate on hold today, but its loosening cycle is not over. Inflation looks set to fall next year and, as a result, we have pencilled in a 25 basis point cut in March. 5th November 2015 · 1 min read
Europe Economics Update How is Norway coping with lower oil prices? The decline in oil prices has weighed on the Norwegian mainland economy and things could get worse before they get better. But ramped-up policy support from the Government and central bank next year... 20th October 2015 · 1 min read
Nordic & Swiss Economics Update How is Norway coping with lower oil prices? The decline in oil prices has weighed on the Norwegian mainland economy and things could get worse before they get better. But ramped-up policy support from the Government and central bank next year... 20th October 2015 · 1 min read
Europe Economics Update Norges Bank cuts rates and signals more loosening to come The Norges Bank’s decision to cut its policy rate today was accompanied by a suggestion that further interest rate cuts could follow. We think that another cut could come in Q2 next year. 24th September 2015 · 1 min read
