Riksbank to push back its first rate hike to 18Q4 - TDS

Ahead of the ECB at lunchtime, the Riksbank reveals its latest policy decision this morning, and risks are elevated around this decision, according to analysts at TDS.

Key Quotes

“We look for the Riksbank to push back its first rate hike from 18Q3 to 18Q4, meeting market consensus; a steep fall in SEK should prevent a delay to the tightening cycle into 2019. Market reaction will depend on the size of the first forecasted rate increase: +10-15bps would be dovish while +25bps would see hawkish market reaction.”