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
Nordic & Swiss Central Bank Watch Risks skewed towards another 50bp hike The Norges Bank signalled in September that it intended to slow the pace of tightening, implying that it would hike by 25bp at the meeting next week. But with inflation data since then again coming in... 27th October 2022 · 5 mins read
Nordic & Swiss Economic Outlook Tightening cycles have further to run Prospects for economic activity have deteriorated further in recent months as headwinds to growth have become stronger. Inflation looks set to remain high for longer, eroding households’ real incomes... 25th October 2022 · 12 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Sep.) The Norges Bank signalled at its last meeting that it would slow the pace of rate hikes, but the strength of September’s inflation data – published this morning – makes another 50p hike more likely. 10th October 2022 · 2 mins read
Nordic & Swiss Economics Update More tightening to come from the Norges Bank Following today’s 50bp increase, we think the Norges Bank is most likely to hike by 50bp again in November. But its tightening cycle will soon be over, with the policy rate peaking at around 3%. 22nd September 2022 · 3 mins read
Nordic & Swiss Rapid Response Norges Bank Policy Announcement (September 2022) 22nd September 2022 · 1 min read
