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Forecast 30bp higher than previously - and no cuts on the horizon

RIKSBANK
  • The Riksbank forecasts peak at 2.82% (versus 2.52% previously). So this is 30bp higher.
  • Most analysts had been expecting around 25bp higher - so it's a bit higher but not as close to 3% as the guidance in the statement suggests.
  • The other notable thing is that the Riksbank also keep their forecast flat at 2.84% through to the end of the forecast period, rather than seeing it very slowly decline 17bp off the peak to to 2.35% as previously.

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