MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (2/2)

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (1/2)

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Monetary Policy Report due at 8:30BST / 9:30CET

RIKSBANK
  • The September Riksbank meeting and accompanying Monetary Policy Report will be published at 8:30BST/9:30CET and will be watched for any clues of a hawkish pivot.
  • The main metric to watch will be the Riksbank's repo rate path. In recent meetings (including the last meeting in July), the repo rate path has been left at zero throughout the policy horizon through to Q3-24. The September meeting will not extend the forecast profile and will continue to forecast through Q3-24 rather than adding an extra quarter.
  • The most effective way for the Riksbank to convey a message that normality is returning would be to add some probability of a rate hike into the Q3-24 projection. This is seen as a risk, but not a base case, in almost every sell-side preview that we have read.
  • A flat repo rate path would likely see EURSEK approach the 100-dma of 10.2023 (and probably spike a bit higher towards 10.25).
  • A repo rate path with any probability of a hike in it would likely see the 200-dma breached at 10.1478 with the September 15 low of 10.1259 under pressure.
  • For the full MNI Riksbank Preview, click here.
Homepagemarkets-real-timeRiksbank Market NewsTopicsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.