Free Trial

Nordea looks for 75bp in Nov22 and terminal 2.75%

RIKSBANK
  • Nordea has increased is November Riksbank forecast from 50bp to 75bp in November to a 2.50% and maintained its 25bp hike in February (now to a terminal rate of 2.75%).
  • "The reasons are that the ECB and the Fed are steaming ahead with rate hikes, which adds pressure to the already weak SEK."
  • Nordea notes that there are "few domestic reasons for faster tightening."
  • Nordea also expects the Riksbank to cut rates in H1-24 to 2.00%.

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.