FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JP Morgan see "lose to no chance of an April hike"

RIKSBANK
  • "Our new Riksbank forecast sees rate hikes of 25bps in September this year as well as in February, June, and November next year. This is one more rate hike relative to our old forecast."
  • "There is close to no chance of an April hike. To put it simply, a governor who is that vague in his remarks does not fit with a rate hike coming up in just a few weeks’ time. Also, raising rates when consumer confidence is signaling a deep recession (not our forecast) – as households are faced with a war close to their borders and a cost of living squeeze – is unlikely to be a popular decision. This favors patience (and yes, the Riksbank should theoretically just focus on inflation and leave the rest to fiscal policy, but central banks were also theoretically not supposed to react to supply shocks!)."
  • "In terms of a June hike, we think that is a much more realistic outcome. The hawkish members are concerned with waiting too long and our models suggest that Prospera inflation expectations could hit 2.5% in June – a threshold, which Skingsley has highlighted would give reason to “reevaluate current monetary policy plans”
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.