Analysts at TD Securities are expecting that the Riksbank will maintain status quo on rates in its upcoming meet but the Executive Board will likely delay the next projected policy hike and adjust their QE reinvestment strategy
Key Quotes
“We expect the Riksbank to adjust their rate path down to be more closely aligned with our expectations. We think they will signal the next hike will likely occur in the first half of 2020, with subsequent rate hikes about once every six months. This would bring the Riksbank more in line with dovish pivots seen by most other G10 central banks this year (with Norway the key exception).”
“This downward shift in the rate path is unlikely to be the only shift in the future policy stance at this meeting: QE reinvestments are also up for discussion.”
Share
