Analysts at ING believe the Riksbank is likely to push back the date of its next rate hike on Thursday, but at the same time don’t think it will do away with its hawkish bias completely, which could be a short-term SEK positive. Key Quotes “The Riksbank meets this Thursday, and the key question is whether policymakers continue to signal a rate hike later this year or early next.” “The deterioration in the domestic dataflow suggests the timing of the next rate hike will get pushed back again. But equally, we expect the central bank to retain its hawkish bias – particularly given the ongoing weakness in the Swedish Krona (SEK).” “Policymakers may still signal a rate hike over the next six months or so, although given the downside to domestic data and wage growth, we aren’t convinced this will ultimately materialise. We expect interest rates to remain on hold in Sweden for the foreseeable future.” 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 GBP Futures: downside looks unconvincing FX Street 3 years Analysts at ING believe the Riksbank is likely to push back the date of its next rate hike on Thursday, but at the same time don't think it will do away with its hawkish bias completely, which could be a short-term SEK positive. Key Quotes "The Riksbank meets this Thursday, and the key question is whether policymakers continue to signal a rate hike later this year or early next." "The deterioration in the domestic dataflow suggests the timing of the next rate hike will get pushed back again. But equally, we expect the central bank to retain its hawkish bias… 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.
