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RIKSBANK: SEB Forecast 50bp Cut In November

RIKSBANK
Central Bank NewsCEEMEABullet RiksbankSwedenGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

SEB expect that “falling inflation expectations will increase the pressure on the Riksbank to move faster”, and now forecast a 50bp cut at the November policy decision (vs 25bp previously).

  • This brings their year-end policy rate forecast to 2.50% (vs 2.75% prior).
  • SEB also “expect the policy rate will reach 2.00% by March next year”.
  • They see the Riksbank lowering its rate path projection at the September meeting, with the new path indicating “another two rate cuts to 2.75% by the end of 2024” and a further “two rate cuts to 2.25% by May next year”.
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SEB expect that “falling inflation expectations will increase the pressure on the Riksbank to move faster”, and now forecast a 50bp cut at the November policy decision (vs 25bp previously).

  • This brings their year-end policy rate forecast to 2.50% (vs 2.75% prior).
  • SEB also “expect the policy rate will reach 2.00% by March next year”.
  • They see the Riksbank lowering its rate path projection at the September meeting, with the new path indicating “another two rate cuts to 2.75% by the end of 2024” and a further “two rate cuts to 2.25% by May next year”.