Riksbank delivers a hawkish rate hike
Sweden’s Riksbank hiked rates by 50bps today and said there is more to come. In addition, it announced that it would begin QT in April.
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Sweden’s Riksbank hiked rates by 50bps today and said there is more to come. In addition, it announced that it would begin QT in April.
The Riksbank meets on Thursday and the decision to raise by 75bps or 100bps could have implications for the next direction in EUR/SEK.
The Riksbank feels like it got burnt one to many times by not raising interest rates enough. Therefore, it raised rates by 100bps today and said there is more to come.
Could an interest rate hike now be in their guidance over the next 2 years?
With the current political situation in Sweden and the Riksbank meeting this week, USD/SEK could be in for some volatility.
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