MNI China Daily Summary: Wednesday, February 19

MNI BRIEF: China Jan Utilised FDI Lower Than Last Year

MNI BRIEF: China Unveils Plan To Attract Foreign Investors

MNI BRIEF: China To Ensure Credit Supply For Private Companies

MNI BRIEF: China Bond Connect Holdings Down In January

MNI: China Tier-one Housing Markets Likely To Stabilise

MNI: US REDBOOK: FEB STORE SALES +5.8% V YR AGO MO

MNI: US JAN HOUSING STARTS 1.366M; PERMITS 1.483M

EZ/UK Bond Supply Calendar: IT Piu; SP, FR Due Thursday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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RIKSBANK: VIEW: Goldman Sachs The Last "March Cut" Domino To Fall

RIKSBANK
Central Bank NewsSwedenCEEMEA RiksbankBulletMarketsFixed Income BulletsForeign Exchange Bullets

Goldman Sachs no longer expect the Riksbank to cut rates in March, following this morning's inflation report. None of the analysts that MNI tracks now look for a March cut, with Swedbank and JP Morgan making similar forecast revisions earlier today. More from Goldman:

  • "Given our assessment that US tariffs and the growth drag from trade policy uncertainty will weigh on growth in Sweden, we, continue to see more easing than the Riksbank is currently guiding for".
  • "Contingent on signs of the trade policy uncertainty hit becoming more visible in the upcoming months, we now expect the Riksbank to ease at the June and September meetings (vs March and June before) arriving at the same terminal rate of 1.75%, slightly below our estimate of neutral. However, we see risks for less easing".
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Goldman Sachs no longer expect the Riksbank to cut rates in March, following this morning's inflation report. None of the analysts that MNI tracks now look for a March cut, with Swedbank and JP Morgan making similar forecast revisions earlier today. More from Goldman:

  • "Given our assessment that US tariffs and the growth drag from trade policy uncertainty will weigh on growth in Sweden, we, continue to see more easing than the Riksbank is currently guiding for".
  • "Contingent on signs of the trade policy uncertainty hit becoming more visible in the upcoming months, we now expect the Riksbank to ease at the June and September meetings (vs March and June before) arriving at the same terminal rate of 1.75%, slightly below our estimate of neutral. However, we see risks for less easing".