Will the Riksbank fall in line with market expectations?

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

EURSEK News

USDSEK,Riksbank,Banks

The general consensus is that the Riksbank will cut the key interest rate today by 25 basis points to 3.

50%, After all, inflation is trending downwards, although the monthly changes in the core rate could fall a little more, Commerzbank’s FX Analyst Antje Praefcke notes Two or three more moves for the rest of the year “The economy is weakening and could be supported with interest rate cuts. In addition, the unemployment rate has been above 8% since the middle of last year, meaning that the labor market can no longer be considered as tight.

” “To be honest, I am undecided between two and three further moves. But I expect the Riksbank to signal two or three more moves for the rest of the year. I would prefer two, as core inflation in particular is likely to remain above the inflation target for a little longer, but I assume that, sticking to its recent dovish stance, it will opt for three and thus fall in line with market expectations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks cautiously higher as market uncertainty lingers; Sweden's Riksbank cuts ratesEuropean stocks were cautiously higher Tuesday as market uncertainty over the outlook for interest rate cuts lingers.
Source: CNBC - 🏆 12. / 72 Read more »