Nordic & Swiss Economics Weekly Reasons for optimism on the Norwegian krone The recent depreciation of the Norwegian krone might have further to run, but we think that rising energy prices and improved investor risk appetite will cause it to strengthen in the second half of... 27th January 2023 · 6 mins read
Nordic & Swiss Economics Weekly Swiss franc likely to remain broadly stable We had previously forecast the Swiss franc to rise against the euro in the first half of the year as we thought the ECB would raise interest rates a bit less than the market anticipated and that there... 20th January 2023 · 5 mins read
Nordic & Swiss Rapid Response Norges Bank Policy Announcement (January 2023) 19th January 2023 · 2 mins read
Nordic & Swiss Economics Update Norges Bank tightening nearly over The Norges Bank eased off the brakes today by leaving policy on hold, but signalled that it will raise its policy rate at the next meeting in March. We suspect that will be the final hike in this... 19th January 2023 · 3 mins read
Nordic & Swiss Central Bank Watch One (more) and done The Norges Bank is one step from ending its tightening cycle. We expect it to raise its policy rate by 25bp next week, to a peak of 3%. After that it is likely to pause while it waits to assess the... 12th January 2023 · 5 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Dec.) The continued strength of core inflation will encourage the Norges Bank to press on with another 25bp interest rate increase next week. While there is still some more upside risk to underlying... 10th January 2023 · 2 mins read
Nordic & Swiss Economics Update Only one more hike to come from the Norges Bank Today’s 25bp rate increase by the Norges Bank, to 2.75%, takes it very close to the end of its tightening cycle. But we think the Bank is a long way from pivoting to loosening policy. 15th December 2022 · 3 mins read
Nordic & Swiss Rapid Response Norges Bank Policy Announcement (December 2022) 15th December 2022 · 2 mins read
Nordic & Swiss Economics Weekly SNB and Norges Bank to hike on “Super Thursday” We expect the Norges Bank and Swiss National Bank to raise interest rates next Thursday, by 25bp and 50bp respectively, bringing an end to the tightening cycle for the SNB and getting close to the end... 9th December 2022 · 6 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Nov.) The declines in headline and core inflation in November won’t stop the Norges Bank from raising interest rates by 25bp next week. But they support our view that the tightening cycle is very nearly... 9th December 2022 · 2 mins read
Nordic & Swiss Central Bank Watch End of the tightening cycle approaching We expect the Norges Bank to raise its policy rate by 25bp next week, to 2.75%. Signs that the economy is weakening by more than expected might encourage policymakers to nudge down their interest rate... 8th December 2022 · 5 mins read
Nordic & Swiss Economics Weekly Tweaking our forecast for Switzerland With recent data suggesting that the Swiss economy is holding up better than we had anticipated, we now think GDP will be unchanged in 2023 compared to this year. That would still imply a weaker... 2nd December 2022 · 6 mins read
Nordic & Swiss Economics Weekly Norway performing well, Ingves bows out Norway’s Q3 GDP data support our view that the country will be one of Europe’s best performers in the coming quarters, but it won’t be immune to the weakness elsewhere in the continent. Next week, we... 18th November 2022 · 5 mins read
Nordic & Swiss Economics Weekly Housing risks rising; strong activity in Sweden Policymakers at the Riksbank and Norges Bank face a tricky balancing act. The latest housing indicators from Sweden and Norway have been very weak, implying that prices will fall. But October’s... 11th November 2022 · 6 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Oct.) October’s stronger-than-expected inflation data pose an upside risk to our forecast for the policy rate to peak at 3%. But with house prices falling, the Norges Bank faces a tricky balancing act. 10th November 2022 · 2 mins read
Nordic & Swiss Economics Update Norges Bank tightening cycle nearly over Today’s decision by the Norges Bank to slow the pace of rate hikes is the beginning of the end for its tightening cycle. But we don’t expect a pivot towards interest rate cuts next year. 3rd November 2022 · 3 mins read
