Our European strategists turn overweight Swedish equities and initiate a short NOK/SEK position as Nordic central banks pause but their economies diverge. Sweden’s recovery and stable inflation allow the Riksbank to join the “easing-…
The Nordic central banks are now aligned in pause mode, but their economies are diverging. With Swedish prospects improving and Norwegian headwinds mounting, we are turning overweight on Swedish equities and shorting NOK/SEK.
Despite a hawkish tone for now, expect Norges Bank to accelerate policy easing in 2026, reinforcing our overweight on Norwegian government bonds and underweight on the NOK. Norway’s central bank kept its policy rate unchanged at 4%…
Markets are increasingly pricing an end to the global easing cycle, with many central banks expected to remain on hold. But uncertainty remains high, and policy surprises are likely going into 2026. This Strategy Report breaks down…
Markets are increasingly pricing an end to the global easing cycle, with many central banks expected to remain on hold. But uncertainty remains high, and policy surprises are likely going into 2026. This Strategy Report breaks down…
Our DM strategists recommend regional bond overweights in the UK, Canada, and Sweden, and express policy divergence through tactical FX trades: long USD, underweight GBP and SEK, and long JPY vs. EUR. Most G10 central banks are…
Monetary policy divergences are re-emerging. We rely on BCA’s Central Bank Monitor to assess the current policy stance of major central banks, and highlight the tactical opportunities across bond markets and currencies.
The Norges Bank will cut rates only once until year-end as the NOK weakens and inflation hovers around 3%. Expect aggressive easing next year as the economic recovery is delayed by weakness in the energy sector and the labor market…
In this chartbook, we look at the balance of payments across DM and EM countries. The US does not fare well, but neither do a few other countries.
Please join Chief Strategists Mathieu Savary and Jeremie Peloso for a Roundtable on Tuesday, June 25 at 3:00 PM CEST (2:00 PM BST, 9:00 AM EDT).