Even after raising its policy rate by 100bp today, the Riksbank signalled that its tightening cycle has some way to go. We expect another large hike at its final meeting of the year in November, perhaps by 75bp. Next year, the beginning of QT will ease the pressure to continue raising interest rates aggressively.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.