Insights & News - EFGAM New Capital

Insight Q3 2023 - Finding a new balance

Insight - Although Covid concerns will feature in the first part of the year, we are generally optimistic about the outlook for global economic growth in 2022. With inflation rates set to fall back, the economic backdrop remains generally benign.

12 Juli 2023

Outlook 2023 - Mid-year review

03 Juli 2023

MFN - The SNB signals more rate increases are likely

GianLuigi Mandruzzato looks at the latest Swiss National Bank monetary policy decision and at the outlook for Swiss interest rates.

23 Juni 2023

Infocus - Leading vs. lagging indicators

Contrasting data can create a confusing picture about the economic environment. One reason is that some data leads the business cycle while other data lags.

16 Juni 2023

Infocus - How much higher will the ECB raise rates?

The European Central Bank (ECB) has indicated that its tightening cycle is approaching its end. However, public statements by Governing Council members show that the debate is ongoing about how much higher rates must be raised to bring inflation back to the 2% objective. In this edition of Infocus, GianLuigi Mandruzzato looks at the factors that will feed into the ECB’s decisions.

14 Juni 2023

Infocus - Swiss inflation and the SNB’s June meeting

CPI inflation in Switzerland remains too high and the Swiss National Bank is concerned: inflation at 2.2% in May is above the 0-2% interval that the SNB regards as price stability. The public is also uneasy with inflation at such a level. In response, the SNB has been raising interest rates since June 2022. In this edition of Infocus, EFG chief economist Stefan Gerlach looks at past rates and considers future moves by the SNB.

12 Juni 2023

Mid-Year Outlook 2026