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Riksbank to tilt towards December hike – Nomura

In light of recent Riksbank rhetoric and strong inflation data, analysts at Nomura think the risks are tilted towards the Riksbank tipping the market towards a December hike at Wednesday’s meeting.

Key Quotes

“This could provide a modest SEK boost, but because of current market pricing we believe there is limited scope for meaningful SEK upside in the medium run. We also preview Norges Bank’s meeting, where we do not expect any changes in forward guidance.”

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