Scandi Markets Ahead: Norges Bank Meeting And Riksbank Minutes

Published 09/18/2017, 02:21 AM

In Sweden , minutes from the Riksbank's September monetary policy meeting were published on Thursday. The press release after the meeting showed that all board members agreed to keep the policy unchanged, meaning no repo rate hikes until the third quarter next year and then raising rates at a modest pace. The decision was taken despite inflation having risen by more than expected but the general message seems to be that the recent higher inflation prints partially reflect temporary effects and that the underlying situation remains fragile.

In Norway , we share the consensus view that Norges Bank will not touch interest rates on Thursday. Although something of a mixed bag, developments since the last meeting have panned out more or less as anticipated. We therefore expect the interest rate path in the new monetary policy report to be identical to that in June.

In Denmark , it all happens on Thursday, kicking off with September figures for consumer confidence, employment data for July and retail sales for August.

To read the entire report Please click on the pdf File Below:

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