The Riksbank delayed its first rate hike in seven years once again univocal by stating that October is out of scope, notes the research team at Danske Bank.
Key Quotes
“We now expect it to raise interest rates for in December. The Governor of the Riksbank Stefan Ingves made it clear that hikes would come in increments of 25 bps.”
“He recalled that whilst serving as a deputy governor in the Riksbank in the 90 s that they had made changes of 5 and 10 bps. He quipped that it had made for a lot of work and little economic impact.”
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