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Speculation Grows Riksbank Must Do More QE as Draghi Sets Agenda

  • Riksbank keeps rate at minus 0.5%, QE measures unchanged
  • Outlook for rate increases maintained at second half of 2017
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Riksbank's Ingves: We Certainly Can Go Below -0.5%

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As much as it probably doesn’t want to, Sweden’s central bank is expected to deliver one final injection of stimulus to keep up with record measures from the European Central Bank.

The Riksbank struck a defiant tone on Wednesday as it kept its benchmark rate unchanged, decided against extending its bond purchases, raised the inflation outlook and even predicted a weaker krona. But all this might be largely irrelevant already on Thursday, when ECB President Mario Draghi is predicted to expand his quantitative easing program.