Analysts at Danske Bank point out that Sweden’s big week kicks off today as the Riksbank convenes and the Swedish central bank will announce its rate decision at 09:30 CEST.
Key Quotes
“We expect the central bank to postpone its first rate hike in seven years yet again. This would be accomplished by lowering the probability of a rate hike in Q4 and hence effectively postponing the hike to next year.”
“We acknowledge that it is a close call, however, as the central bank is divided.”
“The other major event for Sweden is the general election on Sunday, where we expect a minority government outcome led by Ulf Kristersson and the Moderates.”
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