Senior Analyst at Danske Bank Stefan Mellin believes the Riksbank will keep its monetary status quo unchanged at next month’s meeting. Key Quotes “In July, we expect the Riksbank to leave its repo rate path intact which means a first hike in Q4 (10bp in October is what the rate path implies), while inflation is sufficiently close to its forecast. This should lend nearterm support to the SEK (reflected in our 1M forecast)”. “The Riksbank is still too optimistic on medium-term inflation though as well as on GDP growth. Meanwhile, the ‘European elephant’ is in our view on hold until late next year. Therefore, we expect the Riksbank will eventually adopt a softer stance and postpone the first hike until next year. This should put upward pressure on EUR/SEK (cf. 6M forecast)”. 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 Bitcoin Technical Analysis: BTC/USD trades up, but big slowdown given resistance $6800-6900, may be packing for a move back south for now FX Street 3 years Senior Analyst at Danske Bank Stefan Mellin believes the Riksbank will keep its monetary status quo unchanged at next month's meeting. Key Quotes "In July, we expect the Riksbank to leave its repo rate path intact which means a first hike in Q4 (10bp in October is what the rate path implies), while inflation is sufficiently close to its forecast. This should lend nearterm support to the SEK (reflected in our 1M forecast)". "The Riksbank is still too optimistic on medium-term inflation though as well as on GDP growth. Meanwhile, the 'European elephant' is in our view on hold until… Top 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.
