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Will the Riksbank fall in line with market expectations?

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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.

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Fonte: CNBC - 🏆 12. / 72 Leggi di più »