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MNI RIKSBANK WATCH: Expected To Hold And Show Rate Flatlining

The Riksbank is expected to hold in March, with policy projectins weighing two-sided risks

MNI (LONDON) - The Riksbank is widely expected to leave its policy rate on hold at 2.25% at its March meeting this week, having cut by 175 basis points since May and with its previous forecasts and commentary suggesting it could have reached the end of the easing cycle.

Minutes of the previous meeting in January, which concluded with a unanimous vote for a 25bp cut, showed all five members open to the idea of at least a pause in the cutting cycle, with Governor Erik Thedeen stating that the policy rate had "probably been lowered sufficiently.” Economic and financial developments since have been two-sided.

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MNI (LONDON) - The Riksbank is widely expected to leave its policy rate on hold at 2.25% at its March meeting this week, having cut by 175 basis points since May and with its previous forecasts and commentary suggesting it could have reached the end of the easing cycle.

Minutes of the previous meeting in January, which concluded with a unanimous vote for a 25bp cut, showed all five members open to the idea of at least a pause in the cutting cycle, with Governor Erik Thedeen stating that the policy rate had "probably been lowered sufficiently.” Economic and financial developments since have been two-sided.

Keep reading...Show less