ING analysts suggest that the Swedish central bank has caught markets by surprise by reiterating that rates will most likely rise later this year. Key Quotes “The Riksbank has said that rates will “most probably” rise to 0% in December. Probably the biggest takeaway from this is that it suggests a clear willingness to exit negative rates. The domestic and global economic backdrop has deteriorated significantly over the past few months, which suggests little impetus otherwise to increase interest rates.” “We had expected the Riksbank to push back the timing of the next hike. The PMIs are now below the breakeven PMI level, while there are signs that the jobs market is slowing – albeit as the central bank emphasises, the latest labour data signalling a sharp spike in unemployment potentially contains quality issues.” “All of this means the Riksbank is now signalling no additional rate hikes after December, compared to one previously.” “Don’t forget that policymakers are much more relaxed about the risk of currency strength amid ongoing SEK weakness, which indicates the central bank will be in no hurry to follow in the footsteps of dovish central banks overseas.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB: Markets largely expect status quo over coming quarters – ABN AMRO FX Street 3 years ING analysts suggest that the Swedish central bank has caught markets by surprise by reiterating that rates will most likely rise later this year. Key Quotes "The Riksbank has said that rates will "most probably" rise to 0% in December. Probably the biggest takeaway from this is that it suggests a clear willingness to exit negative rates. The domestic and global economic backdrop has deteriorated significantly over the past few months, which suggests little impetus otherwise to increase interest rates." "We had expected the Riksbank to push back the timing of the next hike. The PMIs are now below the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
