© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US TSYS

A Touch Firmer

JAPAN

Japan Shed Foreign Bonds Last Week

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

MNI BRIEF: Riksbank Hikes 25bps, Front- Loads Tightening

(MNI) London
(MNI) London

The Riksbank Executive Board hiked by 25 basis points at its April meeting and looking ahead sees tightening early, then slowing.

PolicyRiksbank Market NewsEuropeCentral Bank RiksbankSwedenBriefStoryPolicy StoryRegion
True

The Riksbank hiked by 25 basis points to 0.25% Thursday, publishing a collective forward rate path showing a high probability of three more hikes this year and two more in 2023. The path showed the board planning to front-load tightening in response to the inflation shock.

The repo rate -- to be renamed the policy rate from June -- was shown rising swiftly to 1.18% by the second quarter of 2022, with the rate path on MNI calculations showing a June hike fully priced in and a high probability of 25 basis point hikes at each subsequent meeting this year, with the Riksbank stating that there were likely to be two or three more hikes in 2022.

Keep reading...Show less
152 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Riksbank hiked by 25 basis points to 0.25% Thursday, publishing a collective forward rate path showing a high probability of three more hikes this year and two more in 2023. The path showed the board planning to front-load tightening in response to the inflation shock.

The repo rate -- to be renamed the policy rate from June -- was shown rising swiftly to 1.18% by the second quarter of 2022, with the rate path on MNI calculations showing a June hike fully priced in and a high probability of 25 basis point hikes at each subsequent meeting this year, with the Riksbank stating that there were likely to be two or three more hikes in 2022.

Keep reading...Show less