“In a world where many look for an asset class that can act as a strong diversifier to the North American public markets, and an inflation protected (CPI hedged) income stream in Euros, European core plus real estate stands out.” notes Zsolt Kohalmi, Pictet Alternative Advisors.

As the #SNB's option to more actively use its foreign currency market interventions appears more limited in the current environment, a more significant interest rate cut is also quite likely. Find out our key takeaways in the latest Cash article: #CHF cash.ch/news/top-news/…

🇨🇭#Swiss import prices inflation drop into negative territory further accelerated thus calling for bolder #SNB's monetary policy action in June! =>Inflation drop led by manufacturing (chemicals, pharma, metals & semi-finished) & energy alongside #CHF remaining persistently strong

Very honoured to present our paper entitled « A novel nonlinear Taylor Rule approach for predicting policy interest rates and enhancing Central Bank communication» at the Swiss Congress in Zurich together with my colleague Alex Morel hosted by the KOF ETH sgvs.ch/conferences/ss…

How worried should we be about the ongoing #USD depreciation & expected further structural decline especially against a major safe-haven currency, the #CHF? Our latest thoughts & FX fair value estimates in the latest Cash article by Thomas Marti #PictetAM cash.ch/news/top-news/…

There is no more case for negative #SNB's policy rate in 2025 as a baseline. NIRP to be implemented only in the event of further rapid & significant #CHF appreciation. A deep dive on the #SNB's monetary policy with our latest views in the #FuW: fuw.ch/zinsen-snb-sch…

What is the economic impact of 39% of trade tariffs on Swiss exports to the USA as Switzerland is among the most impacted countries? Our key takeaways in the latest article from The Daily Telegraph by Eir Nolsøe The Telegraph : #TradeWar #Pictet #Switzerland telegraph.co.uk/business/2025/…

1/3. Nikolay Markov (Nikolay Markov), Senior Economist Pictet Asset Management on #BoE decision tomorrow: “Looking ahead, given the guidance of the Monetary Policy Committee, a quarterly pace of cuts remains appropriate and we expect the Bank to lower the policy rate.”

Pictet Asset Management 3/3. Nikolay Markov, Pictet Asset Management: “In the current baseline scenario, we expect the #BoE rate to reach 3.75% at the year-end, and to be cut only once in 2026 to a terminal rate of 3.5%, broadly in line with neutral rates estimates and with current market pricing.”

It was a great pleasure to discuss live at CNBC Squawk Box Europe the recent switch towards a more hawkish rethoric by the Bank of England, the importance of central banks’ mandates, and not least Fed’s independence challenges and implications for the global bonds markets and USD

1/ After a solid first half of the year, July saw a sharp slowdown driven by contracting domestic demand. Our Q3 GDP nowcast points to a contraction of more than 2% q/q annualised, the weakest quarterly pace since early 2022

As Bulgaria is about to adopt the Euro as its official currency, and become the Eurozone’s 21st member state, let’s take a step back and review the Bulgarian Lev banknote history starting in 1951 going through several political and monetary regimes🇧🇬🇪🇺 #Bulgaria #Euro #Eurozone

Why negative interest rates are not our baseline macro scenario yet for Switzerland? Some key takeaways in the latest FuW article by André Kühnlenz: fuw.ch/snb-negativzin… #Switzerland #SNB #NIRP #CHF #FuW

1/ China hit its 5% GDP target in 2025, roughly in line with potential growth. No overheating. No major disappointment. Growth slowed to 4.5% y/y, but accelerated to 5.4% q/q annualized in Q4. Still a two-speed economy: weak domestic demand, strong external demand.

What are the benefits of a currency union and why did Bulgaria join the Eurozone on January 1st, 2026 leaving a well functioning currency board since 1997? Find out our investment implications & key takeaways in latest Financial Times newsletter: ft.com/content/8eea6d…

Why is the CHF under pressure and should remain so in the near term while being close to its fair value? Find out our key takeaways and main FX scenario in the latest Cash article by Thomas Marti (in German) #SNB #CHF #Switzerland #CASH cash.ch/news/top-news/…