Mats Hydén, analyst at Nordea Markets, notes that Riksbank left the repo rate unchanged at -0.25% while the repo rate path implies a hike most likely in December and thereafter policy is implied to be on hold. Key Quotes “Today’s announcement was more hawkish than expected. The likelihood of a hike December was actually increased. This means that the Riksbank is not driven mainly by its forecasts and inflation outlook, but seems to have an inclination to move the rate one more time upwards despite slowing economy and falling inflation expectations. Thus, it seems very likely that the repo rate will be increased in December. A longer comment on this will follow.” “Repo rate: unchanged @ -0.25% as expected” “Rate path: Revised” “QE: No change. 45 bn will be bought between July 2019 and December 2020 (40 bn nominals and 5 bn linkers)” “Macro forecasts: Growth in 2020 (cal. adj) was lowered from 1.3% y/y to 1.0%y/y (our forecast is 1.0%). Unemployment rate in 2020 assumed to be 6.9% (up from 6.7%, our forecast is 7.1%)” 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 EOS price analysis: EOS/USD loses over 5% amid sharp sell-off on the market FX Street 3 years Mats Hydén, analyst at Nordea Markets, notes that Riksbank left the repo rate unchanged at -0.25% while the repo rate path implies a hike most likely in December and thereafter policy is implied to be on hold. Key Quotes "Today's announcement was more hawkish than expected. The likelihood of a hike December was actually increased. This means that the Riksbank is not driven mainly by its forecasts and inflation outlook, but seems to have an inclination to move the rate one more time upwards despite slowing economy and falling inflation expectations. Thus, it seems very likely that the repo rate… 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.
