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View change: Nordea match Riksbank's forecast

RIKSBANK
  • Nordea has updated its November Riksbank call to look for a 50bp hike following the 100bp today (down from a previous forecast of 2x75bp hikes). It continues to look for a 25bp February 2023 final hike (also in line with the Riksbank's own projections).
  • Nordea notes that "the risks of the forecast on the Riksbank are on the upside near term while an interest rate cut is possible later in the forecast period."
  • Nordea also points out that the "Riksbank’s inflation forecast is higher than our view, in the near term as well as longer out."

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