Swedbank and Nordea are keeping their......>

RIKSBANK: Swedbank and Nordea are keeping their next Riksbank hike forecasts

unch after the Minutes today, looking for Dec 2019 and mid-2020 respectively.

- Swedbank: "Overall we read the minutes as rather balanced, perhaps with a

slight hawkish tilt compared to the soft inflation report. As in the inflation

report the bank remains eager to get inflation up to the target in a sustained

way." Next hike forecast for December 2019.

- Nordea: "The minutes were neutral. During the past years the Riksbank has

repeatedly reassessed how to control inflation, and the bank did so again at the

April meeting. The Riksbank's conclusion is that if it is difficult to jack up

inflation, even more powerful monetary policy measures must be adopted.

Consequently, the rate path was lowered, postponing the next rate hike. We see

the next rate hike in mid-2020."