Free Trial

Thedeen Talks Down Need of Hike at Next Meeting - Riksbank Minutes

SWEDEN
  • Overall, a relatively muted response in the SEK to the Riksbank minutes, but the currency is erring slightly weaker. The varied views of the board reflected in the release, acknowledging that while inflation "is on the way down", the underlying inflationary pressures are still too high.
  • Some members more confident about the downtick in inflation, notably Governor Thedeen: "There are now clear signs that the rate of price increase is slowing down.", adding that the next hike "may not be at the next meeting; further tightening can come at a later stage"
  • EUR/SEK edges slightly higher to new daily highs of 11.5765, but remains well short of Thursday's best levels at 11.6321. SEK shifts from being mid-table in G10 to among the weakest outside of the AUD.

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.