Riksbank unlikely to extend its asset purchase program - BBH
|Sweden's Riksbank meets in the week ahead and the upside surprise in the November CPI and strong growth will discourage it from extending its asset purchase program, according to analysts at BBH.
Key Quotes
“On a trade-weighted basis, the krona is largely flat on the year, which is helping keep financial conditions easy. The euro is trading near seven-year highs against the krona. If the currency weakness persists, it may give the central bank the latitude to consider a rate hike around the middle of next year.”
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