Riksbank's Thedeen says "...underlying inflation may be somewhat lower this year than in the most recent forecast"
Newsquawk Staff ·
Riksbank's Thedeen says "...underlying inflation may be somewhat lower this year than in the most recent forecast"
What it means
The Riksbank's comments suggest a potential dovish shift in their inflation outlook, indicating that underlying inflation may not be as high as previously anticipated. This could imply a more cautious approach to monetary policy, impacting rates and possibly weakening the SEK against other currencies. Traders should monitor how this adjustment affects expectations for future rate decisions and cross-asset movements.
Sources
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC
- [MARKET ANALYSIS] Asia-Pac stocks are higher amid the ongoing tech rebound and record SK Hynix earnings, while participants await central bank decisions
- RBNZ Governor Breman says agreed tighter policy will likely be required, conditional on the economy, adds committee discussed decline in NZD, which if sustained could add to imported inflation
- Chile Central Bank maintains benchmark interest rate at 4.50% as expected, with the decision unanimous, while it stated that the future path of interest rates will be assessed on a meeting-by-meeting basis
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