Free Trial
EURJPY TECHS

Sights Are On Key Resistance

BTP TECHS

BTP TECHS: (Z2) Trading Closer To Its Recent Lows

USDJPY TECHS

Approaching The 50-Day EMA

LOOK AHEAD

UK Timeline of Key Events (Times GMT)

GILT TECHS

(Z2) Trend Needle Still Points North

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

MNI BRIEF: Riksbank Hikes 100bps, But Path Seen Slowing

(MNI) London
(MNI) London

Riksbank delivered a top-end of expectation 100 bps rate hike at Sep meeting, lifting the policy rate to 1.75%, but only projected a peak of close to 2.5%.

True

The Riskbank raised its key interest rate 100 bps Tuesday, lifting the Policy Rate to 1.75% and indicated that it was heavily front-loading policy tightening. The bank's published projections showed the policy rate rising another 75 basis points this year but then holding at close to a 2.5% peak.

The central bank's projections showed the rate at 2.53% in Q3 2023, up from 1.94% in the previous forecast round, before dipping to 2.47% by Q3 2024 and on down to 2.35% at the end of the three year forecast horizon. The approach entails that its end 2022 policy rate level is roughly in line with market expectations, albeit with a more aggressive hike in September than the 75bps than many analysts had expected,

Keep reading...Show less
195 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 Riskbank raised its key interest rate 100 bps Tuesday, lifting the Policy Rate to 1.75% and indicated that it was heavily front-loading policy tightening. The bank's published projections showed the policy rate rising another 75 basis points this year but then holding at close to a 2.5% peak.

The central bank's projections showed the rate at 2.53% in Q3 2023, up from 1.94% in the previous forecast round, before dipping to 2.47% by Q3 2024 and on down to 2.35% at the end of the three year forecast horizon. The approach entails that its end 2022 policy rate level is roughly in line with market expectations, albeit with a more aggressive hike in September than the 75bps than many analysts had expected,

Keep reading...Show less