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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.
EXECUTIVE SUMMARY:
- The Riksbank are expected to hike 25bps on Thursday, with their signalling for the policy path going forwards the key question this meeting.
- Headline and underlying inflation have fallen over the summer, though the August CPIF ex-energy reading still came in above the Riksbank forecast and remains far above the 2% target.
- The continued depreciation of the SEK is of significant concern to the Executive Board. While direct intervention is not expected, there is potential for the Riksbank to announce the hedging of its FX reserves this meeting.
- The economic backdrop in Sweden has continued to show signs of weakness and we expect the Riksbank to acknowledge this fact, while keeping the door open for a November hike to keep the SEK supported.
Our full preview including a summary of sell-side views can be found here.
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.
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