Free Trial

Riksbank FX Intervention Policy in Focus...>

RIKSBANK
RIKSBANK: Riksbank FX Intervention Policy in Focus 
The Riksbank announcement is Tuesday 08:30am London Time (Tomorrow).
Some forecasters are projecting the Riksbank will not renew the FX intervention
mandate. This mandate allows the Governor to intervene without a vote from the
board.
Removing this mandate would likely be seen as a signal the Riksbank is on the
road to policy normalization and no longer sees the need for this emergency
measure, which was introduced in 2016 when inflation was near zero and the
Riksbank was worried about SEK being too strong.
There will be a vote on whether to renew this measure. If it is not passed, the
measure expires July 2nd (today- Monday).

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.