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Decision due at 8:30BST

RIKSBANK

The Riksbank policy decision will be released at 8:30BST alongside a full Monetary Policy Report:

  • Upgrades to inflation and growth forecasts not enough to shift rate path
  • The bank's projections extend into Q3 2024 at this release
  • There are nascent expectations that the bank could begin to signal rate liftoff at the very long-end of their forecast horizon.

Summary of analyst views:

  • All analysts surveyed see no change in interest rates at July's meeting, and most see upgrades to both the growth and inflation forecasts.
  • On the rate path, analysts are split, with a number highlighting a risk that the bank lift their terminal rate forecast as the projections are pushed into Q3 2024.

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