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Nordea look for two 50p hikes and possible intermeeting hikes

RIKSBANK

Nordea has updated its Riksbank call. It now looks for:

  • 50bp rate hike in June to 0.75%
  • 50bp rate hike in September to 1.25%
  • 25bp rate hike in November to 1.50%
  • No rate hikes in 2023
  • The previous forecast was "four consecutive rate hikes by 25bp, bringing the repo rate to 1.25% in February 2023."
  • Nordea states that they "believe that the Riksbank is eager to take action soon. Consequently, rate hikes in connection with interim meetings can’t be ruled out... One of the reasons behind the forecast of 50bp hikes is that the Riksbank only has two regular meetings in the second half of the year."
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