Riksbank: Expect dovish outcome from today’s meet - TDS

Analysts at TDS are looking for a dovish outcome from today’s Riksbank decision.

Key Quotes

“While the macro data has been decidedly stronger than expected, we’ve also seen as much krona appreciation in just two months as the Riksbank was looking for over two years, leading to likely downward revisions to the inflation forecasts. We don’t look for the Riksbank to change its policy rate projections until it has a better idea of what the ECB’s QE exit path looks like. We do look for some elevated verbal intervention on SEK from Governor Ingves, and possibly in the Riksbank’s statement itself.”