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VIEW: Nordea Now Look For 2 Further Hikes

RIKSBANK

Nordea write “we change our forecast of the Riksbank’s policy rate. We now expect the policy rate to peak at 4.25%.”

  • “25bp rate hike in September to 4.00%.”
  • “One final rate hike by 25bp in November to 4.25%.”
  • “Rate cuts from September 2024, and policy rate at 3.75% year-end 2024.”
  • “We see the policy rate at 2.50% year-end 2025.”
  • “Our previous forecast was the policy rate peaking at 4.0% in September 2023, and rate cuts to 3.00% in 2024.”
  • “The main reason for the changed forecast is the weak SEK.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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