Nordic & Swiss Economics Weekly Credit Suisse post mortem, Norwegian stagflation Swiss lawmakers' vote against the Credit Suisse rescue package this week does not impact the bank's takeover by UBS or the associated government guarantees. However, it has highlighted the need for... 14th April 2023 · 4 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Mar.) March’s inflation data make it all but certain that the Norges Bank will press on with its planned 25bp rate hike at the next meeting in May. 11th April 2023 · 2 mins read
Nordic & Swiss Economics Weekly Keep calm and carry on hiking The UBS takeover of Credit Suisse may tighten lending conditions slightly due to reduced competition and potentially tighter regulation. But we don’t think there will be a significant impact on... 24th March 2023 · 5 mins read
Nordic & Swiss Economics Update Norges Bank not done yet The Norges Bank’s 25bp rate hike today was accompanied by new verbal guidance that it is likely to raise rates further in May. Together with the new, higher interest rate forecast, this supports our... 23rd March 2023 · 3 mins read
Nordic & Swiss Rapid Response Norges Bank Policy Announcement (March 2023) 23rd March 2023 · 2 mins read
Nordic & Swiss Central Bank Watch Norges Bank to continue tightening We don’t think the collapse of SVB, problems at Credit Suisse and volatility in markets will deter the Norges Bank from raising its policy rate by 25bp next week, to 3.0%. If anything, the risks are... 17th March 2023 · 5 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Feb.) February’s decline in headline and core inflation takes some of the pressure off the Norges Bank and means that it is likely to hike by 25bp at the meeting in two weeks’ time. 10th March 2023 · 2 mins read
Nordic & Swiss Economics Weekly Sweden struggling, Switzerland holding up Data released this week showed that Sweden’s economy contracted by more than previously thought in Q4, and we expect further declines to come. But Switzerland’s economy is holding up better and there... 3rd March 2023 · 7 mins read
Nordic & Swiss Economics Update Norges Bank’s policy rate to rise above 3% The resilience of the economy and house prices, together with the strength of inflation, suggest that the Norges Bank will raise interest rates a bit further than we previously anticipated. We now... 15th February 2023 · 3 mins read
Nordic & Swiss Data Response Norway GDP (Q4) Norway’s mainland economy put in a much better performance in Q4 than the central bank expected and ended the year with a healthy expansion in December. Together with the continued strength in... 15th February 2023 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Jan.) The strength of consumer price inflation in January makes it all but certain that the Norges Bank will raise its policy rate at its next meeting in March, most likely by 25bp. And with house prices... 10th February 2023 · 3 mins read
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
