Mats Hydén, analysts at Nordea Markets, notes that the Riksbank has hiked the repo rate by 25 bps to -0.25% and has flattened the repo rate path, while there were no changes announced to its asset portfolio.
Key Quotes
“Rate hike probability in April reduced in rate path. Next rate hike during Q4 2019 according to rate oath. A dovish rate hike.”
“Growth forecast for 2019 revised downward as expected.”
“Voting: 5-1 for the hike. Jansson wanted to leave rate unchanged.”
“No new comments on the asset portfolio. Redemptions and coupons will continue to be reinvested.”
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