REPEAT: SWEDISH CENTRAL BANK TO STICK TO...>

RIKSBANK: REPEAT: SWEDISH CENTRAL BANK TO STICK TO REVISED RATE PATH - BUT WATCH

FOR COMMENTS ON FX INTERVENTION

-Analysts unanimously believe rates will be kept unchanged at -0.5%, but they

may not renew their FX intervention mandate, which expires at today's meeting.

-Cooling housing market, inflation, consumer confidence and ECB policy all stand

in the way of this soon. Furthermore, the proximity to September's elections

could be a near-term hurdle. FX unlikely to be an issue with EUR/SEK just 2%

from multi-year highs.

HAWKISH: After shifting their rate path 3 months ago, markets don't expect a

reversal today and any hint that they could bring forward their rate path will

likely be met with SEK strength.

NEUTRAL: A reiteration of April guidance, repeating that tightening is to begin

toward the end of 2018.

DOVISH: Highlighting material risks to the outlook from trade protectionism,

wage growth or September elections could dent expected rate path and see EUR/SEK

make another attempt on multi-year highs.