Mats Hydén, analyst at Nordea Markets, notes that the Riksbank has left the repo rate unchanged at -0.25%.
Key Quotes
“The rate path was also unchanged, which was a surprise to us. Announcement less dovish than we expected.”
“No change in policy in almost all dimensions. Riksbank comments on pricing by financial markets but see no implications for policy at this juncture. It repeats that monetary policy must proceed cautiously, but at the same time states that conditions for inflation need to change in order for policy to be adjusted. We also note that the KIX forecast implies SEK unchanged at current levels for the rest of 2019.”
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