Free Trial

MNI BRIEF: Riksbank Hikes 50 bps, Sees At Least One More Hike

The Riksbank delivered its expected 50 basis point hike at its February meeting, lifting the policy rate to 3.0% and made clear that it would likely hike at least once more. (MNI RIKSBANK WATCH: Focus On Rate Peak)

The central bank's 's Executive Board raised the projected policy peak to 3.3%.from close to 3.0% and the board stated that "the policy rate will probably be raised further during the spring," which pointsj to a 25bps hike at its next policy meeting in late April.

The Riksbank will start selling longer dated nominal and inflation linked government bonds from April at a pace of SEK 3 billion and SEK 0.5 billion respectively per month

MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com

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.