Summary of Analyst Views (Continued) -.....>

RIKSBANK: Summary of Analyst Views (Continued)

- The vast majority expect the repo rate path to be extended for the full

forecast horizon (unlike the 1-year ahead published in April). And the unanimous

base case view is that rates will be at zero until the end of the projection. JP

Morgan says that it can't rule out some probability of a negative rate in the

repo path while Nordea say there could be a "cosmetic increase" at the end of

the profile.

- Most analysts expect that the Riksbank will not rule out negative rates in the

future - but that the Riksbank will highlight there is little reason for

negative rates now given that demand cannot be stimulated by negative rates

alone. (2/2)