Analysts at Nordea Markets suggest that even the über-dovish Swedish Riksbank-stronghold is getting slightly soft at the knees. Key Quotes “Last week two out of six Riksbank members voted for a rate hike (this was widely expected, though), while the official communication continues to point to a rate hike in December (or February 2019).” “The Riksbank will in all likelihood finally hike the policy rate in December. However, the big IF is for how long the window will be open for rate hikes. Our CPIF forecast suggests that the Swedish inflation momentum will abate very swiftly from mid-2019 and onwards. This should put a substantial lid on the Riksbank’s appetite to normalise further unless the ECB moves.” “The Riksbank is not the major thing to watch for regarding the SEK trend. The broader USD cycle and the global risk picture are more important currently.” 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 Fraud alert: beware of crypto scams, FSMA lists 99 suspisious websites FX Street 4 years Analysts at Nordea Markets suggest that even the über-dovish Swedish Riksbank-stronghold is getting slightly soft at the knees. Key Quotes "Last week two out of six Riksbank members voted for a rate hike (this was widely expected, though), while the official communication continues to point to a rate hike in December (or February 2019)." "The Riksbank will in all likelihood finally hike the policy rate in December. However, the big IF is for how long the window will be open for rate hikes. Our CPIF forecast suggests that the Swedish inflation momentum will abate very swiftly from mid-2019 and… 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.
