SEK: Riksbank seen on hold – Danske Bank
Danske Bank analysts expect the Sweden's central bank, Riksbank to leave its policy rate unchanged at 1.75% today with a cautious wait-and-see communication and no major changes to the near-term rate path. They highlights that forecasts and guidance are challenged by a highly uncertain environment, while they also notes that Origo inflation expectations are likely to rise somewhat, though survey responses are dated.
Riksbank seen on cautious hold
"In Sweden, we and markets expect the Riksbank to keep the policy rate at 1.75%. We expect the main message will be a cautious "wait and see", without any significant adjustments to the near-term rate path."
"In terms of forecasts and guidance, however, the current environment is highly uncertain."
"Also in Sweden, Origo inflation expectations will be published today and given recent events, it is reasonable to expect them to rise somewhat."
"However, it is worth noting that the responses were collected approximately 10 days ago."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
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