MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Nordea: Potential for inter-meeting announcement

RIKSBANK
  • Nordea expects that "a worried Riksbank will leave both its repo rate and rate path unchanged on Thursday 26 November. This means a repo rate at zero and a rate path stuck at zero throughout the forecast horizon, which now extends until Q4 2023."
  • "Purchases during H1 2021 will be distributed largely as before, we think. The purchase of mortgage bonds will thus continue despite the housing market being on fire again."
  • Nordea thinks that QE will be extended, but not in the November meeting "Instead, we think the bank will clearly signal that its purchase programmes could be adjusted between monetary policy meetings - and this may well happen. When it's time to extend the programme, it will likely be in the same magnitude as previously, that is, SEK 200bn."
  • "The reason [for not extending QE at this meeting] is that the bank probably wants to take a wait-and-see stance and possibly revise its monetary policy against the background of the ECB's meeting 10 December."
  • "A rate cut next year cannot be entirely ruled out, though. Price pressures are low and inflation expectations muted. A marked appreciation of the SEK would drive inflation even lower, which could force the Riksbank to take action."
BulletMarketsFixed Income BulletsForeign Exchange Bullets
BulletMarketsFixed Income BulletsForeign Exchange Bullets

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.