Riksbank: Expect no fireworks today - TDS
|Analysts at TDS are not looking for any substantial changes to the Riksbank's macro forecasts or policy rate forecasts at today's meeting.
Key Quotes
“We also look for the Riksbank to repeat that rates will begin rising around the middle of 2018, even though we do look for that timing to eventually be pushed back toward the end of the year. However, we do look for signs of a bit more division, and are calling for a 5-1 vote to keep rates on hold, with Deputy Governor Ohlsson dissenting in favour of a rate hike.”
“We think that the details of his dissent - whether for a 25bps hike or something smaller - could give us some further insight into what the beginning of the Riksbank's hiking cycle will look like. It could also see an interesting market reaction, where a dissent in favour of a 10-15bps hike leads to a dovish market reaction, as markets reassess just how quickly Riksbank rates are likely to rise.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.