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MNI STATE OF PLAY: Riksbank To Signal Multiple Hikes

(MNI) London

The Riksbank is set to publish a rate forecast showing a series of hikes and the first may come after the April meeting

Sweden’s Riksbank is likely to signal on Thursday that it expects several rate increases this year to rein in inflation, and could even decide on its first hike of the cycle at its April meeting, in an abrupt hawkish shift from its February forecast round when it still had not expected to tighten until 2024.

While many analysts expect the first hike in June, the main reason suggested for delay, to give the public more time to prepare, has become less compelling as policymakers have publicly advocated tightening.

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Sweden’s Riksbank is likely to signal on Thursday that it expects several rate increases this year to rein in inflation, and could even decide on its first hike of the cycle at its April meeting, in an abrupt hawkish shift from its February forecast round when it still had not expected to tighten until 2024.

While many analysts expect the first hike in June, the main reason suggested for delay, to give the public more time to prepare, has become less compelling as policymakers have publicly advocated tightening.

Keep reading...Show less