Economics
Swedish Central Bank Seen Following ECB in Ditching Easing Bias
- Riksbank expected to keep interest rates unchanged next week
- Switch to neutral bias would follow similar moves by peers
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The world’s oldest central bank may be about to follow in the footsteps of its European peer in Frankfurt in scrapping the chances of an interest rate cut as concerns about deflation subside across the continent.
Sweden’s Riksbank, founded 330 years before the European Central Bank, is expected to remove its easing bias when it announces its next rate decision on July 4, according to investors and analysts. All of the 19 economists surveyed by Bloomberg predict the key repo rate will remain at its record low of minus 0.50 percent, where it’s been since early 2016.