Ingves’s epiphany opens door to April Riksbank hike

It has been a long time coming, but Riksbank Governor Ingves’s apparent hawkish epiphany finally opens the door to tighter policy in Sweden. While analyst expectations have crowded around September as the most likely date for rate lift-off, we think that the bar to a hike at the April meeting has already been cleared. And if the Bank moves then, it is more likely than not to raise interest rates in its three other meetings scheduled this year. Long Run Outlook Drop-In (23 March, 11:00 EDT/15:00 GMT): What will be the lasting impacts of the war in Ukraine? What legacies will the pandemic leave? What does a future of higher inflation mean for economies and markets? Neil Shearing hosts this special discussion with senior economists about the long-term investing outlook on Wednesday. Register here.