Free Trial

Bid Holds


Baht Claws Back BoT-Inspired Losses


J.P.Morgan: YCC Approaching Its Final Chapter


USD/CNH Rebounds Ahead Of CNY Fixing


Ringgit Stabilises Despite Palm Oil Weakness


Curve Flattens

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

Executive Summary:

  • Raises rates by 50bps to 0.75%, alongside expectations
  • Policy rate path aligns to previous ‘alternate’ scenario
  • Front-loaded assessment of rates puts policy on pause from mid-2023
Full review with summary of sell-side views here:


The Riksbank’s 50bps hike in June was inline with both sell-side forecasts as well as market pricing, and the bank used their policy rate path projections to portray a bank that will tighten quickly over the coming quarters, before leaving policy on pause across the rest of the forecast horizon.

Adding a hawkish edge, the bank also flagged an accelerated withdrawal of stimulus via the QE reinvestment channel, cutting bond purchases to SEK 18.5bln, instead of the SEK 37bln flagged in April. The bank flagged that tweak to bond markets would reduce the expansiveness of monetary policy and contribute to inflation returning to target.

The bank’s new policy path projections suggest further rate rises are a certainty for this year, with 50bps rate rises at the September and December meetings now all but nailed-on. From there on, the slope of the path projections moderates considerably, with the peak in the tightening cycle in mid-2023 holding across the entirety of the forecast horizon.

To read the full story

Why Subscribe to

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.