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SEB post-Riksbank view: - SEB had been.....>

RIKSBANK
RIKSBANK: SEB post-Riksbank view:
- SEB had been among the minority of analysts who had expected the QE programme
to be expanded this month. They note that "on the margin the decision was
slightly more dovish than market expectation as most analysts expected the QE
program to be on hold for now, although an extension of the program at a later
point in time was widely expected."
- "The utilisation of the loan facilities has been extremely low and we do not
expect the lower rate to change this"
- SEB "continue to expect the repo rate to remain on hold at zero for the
foreseeable future...there is nothing in the report suggesting that the
probability for a rate hike has increased."

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