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Riksbank to remain ‘on hold’ in September – Danske Bank

FXStreet (Edinburgh) - Following the recent inflation figures in Sweden, Senior Analyst at Danske Bak Christin Tuxen sess the Riksbank staying put at its next meeting in September.

Key Quotes

“Swedish July CPIF inflation was way above the market’s and in particular our expectations”.

“Air fares surprised substantially on the upside and the headline number was a significant positive surprise, not least for the Riksbank”.

“We expect the Riksbank to stay sidelined in September. This should provide room for EUR/SEK to stabilise in a 9.30- 9.60 range over the coming weeks”.

“With EUR/SEK currently in the middle of the range, we see limited opportunity to position in either direction and prefer to stay sidelined currently”.

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