Swedish Krona Eyes More Gains as Nordic Rate Outlook Shifts
- Riksbank rate cut seen delayed as Norges Bank to ease in March
- NOK/SEK hits fresh year-to-date low and more losses may be due
This article is for subscribers only.
The Swedish krona’s recent surge to a five-week high versus the Norwegian krone may be just the start of a rally, as the central banks of both countries look set to diverge on policy.
The Riksbank is likely to keep interest rates steady until June, according to analysts from Swedbank AB and Danske Bank A/S, after data Thursday showed Sweden’s core inflation accelerated more than expected last month. The Norges Bank, meanwhile, has signaled that its first easing move may come in March.