Riksbank Preview: Forecasts from seven major banks, 50 bps, but the peak is not far off Riksbank EURSEK InterestRate Macroeconomics Banks
on Thursday, February 9 at 08:30 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of seven major banks for the upcoming central bank's meeting.
Riksbank is expected to hike rates by 50 basis points to 3%. At the last policy meeting on November 24, the Riksbank hiked rates by 75 bps. “We look for the Riksbank to deliver a 50 bps hike, in line with market pricing but above the 28 bps implied by the Bank's rate path. While growth has been weak and core CPIF came in roughly as the Bank expected, a hawkish shift from the ECB and a much weaker SEK has put notable pressure on the Bank.
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