“Wherever you come out on what will happen later this week, the shift is that all four banks will be on hold or hawkish. No one is talking about cuts. And that’s an appropriate change.”
As usual, the docket is full and the risks are multiplying.
RIKSBANK EXTENDS GOVERNOR STEFAN INGVES’ MANDATE BY FIVE YEARS
“Krona has appreciated faster than in [our] July forecast and while it’s reasonable to expect krona to appreciate due to the strong economy, it’s important that it doesn’t strengthen too rapidly,” Ingves said at the press conference, before stating the obvious as follows: “There are risks if Riksbank makes policy less expansionary before other, larger central banks.”