This Thursday, some of the world's leading business economists and central bank representatives will participate in the Swedbank Economic Outlook Seminar. The aim is to try to understand economic policy during and after the crisis: How can monetary policy be used when the repo rate is already close to zero? Will the fiscal tightening not only create a recession but also a depression in the crisis countries of southern Europe, and how can this be prevented? What regulations are required in the aftermath of the crisis?
Swedbank Economic Outlook Seminar
The housing affordability index (HAI) increased to 164.5 in Tallinn, 109.8 in Vilnius, and 138.3 in Riga
Awaiting the central banks
Annual consumer price growth remains at 1.7% in August
Unexpectedly, prices increase by 0.2% in August
The Riksbank surprised the markets by lowering the repo rate to 1.25 per cent at its meeting last week. The argument for a cut was that during the summer the krona had strengthened more quickly than previously anticipated.
The Riksbank's announcement was preceded by a high pitched exchange of views. The Riksbank was perceived as being too slow. The vast majority of analysts and players had advocated a rate cut, including myself. A few considered that rates were already low enough and would even need to be raised. What good (or harm) does a monetary policy actually do these days?
Latvian annual GDP growth was 5.9% in 1H 2012
Economic growth in 2Q founded on domestic demand
Martin Tallroth, Fixed Income Strategist at Swedbank, gives his view on ECB's decision to buy bonds to take the pressure off struggling nations in Europe.
Cecilia Skingsley, Head of FX and Fixed Income Research at Swedbank is commenting on the Riksbank's decision to cut the repo rate in Sweden by 0.25 percentage points.
Prices, productivity, and wages will move in lockstep
Martin Bolander, Senior Market Strategist at Swedbank's Investment Center, Jörgen Olofsson, Portfolio Manager at Swedbank Robur and Knut Hallberg, Senior Economist at Large Corporate & Intitutions at Swedbank discuss the current market situations.
Services PMI drops to 50.8 in August: clear signs of lower employment in the service sector
Purchasing Managers´Index - Services,
PMI - Services,
To increase market transparency and track trends in investor and issuer views and trends, Swedbank will conduct the survey on a quaterly basis.
The allocation of shares in Swedbank AB (”Swedbank”) has changed due to owners of preference shares having requested during the month of August, 2012 conversion of an aggregate of 8,266,802 preference shares into ordinary shares pursuant to the conversion clause set forth in Swedbank’s articles of association.
Roland Nilsson, Interest Rate Strategist at Swedbank, is commenting on Ben Bernanke's speech on Friday, August 31
PMI drops to 45.1 in August – a significant weakening of the industrial economy
China – a potential watershed for global growth
To the Point,