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Riksbank unlikely to cut rates further, for now

Investors have slashed their expectations for interest rate hikes in Sweden over the coming years and are now broadly in line with our previously well below consensus view. But while we now forecast the ECB to lower rates a little further into negative territory later this year, we are sticking to our existing view that the Riksbank is more likely to keep rates on hold for a prolonged period rather than cut further.

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