Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Stock

Riksbank will cut rates next week: ING

by
January 22, 2025
in Stock
0
Riksbank will cut rates next week: ING
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

ING analysts project that Sweden’s central bank, the Riksbank, will lower interest rates twice more, including a cut expected this month. This anticipation comes as Sweden’s economy, which is particularly sensitive to interest rate changes, begins to show signs of recovery after being significantly impacted by the rate hikes throughout 2022 and 2023.

The Riksbank has already reduced rates by a total of 150 basis points, a move that is starting to yield positive results. Various sentiment indicators, ranging from consumer confidence to the economic tendency survey, have demonstrated consistent improvements throughout 2024.

The housing market in Sweden is also experiencing a resurgence, attributed in part to the country’s high prevalence of variable-rate lending. This financial structure means that the effects of rate changes are felt more quickly in Sweden than in nations with a greater proportion of fixed-rate debt, such as the United States.

Despite these optimistic signs, the hard economic data has yet to fully reflect the upswing. Unemployment rates have ceased climbing but are still relatively high, remaining above the average levels seen before the Covid-19 pandemic. Household consumption saw an uptick in November, but it is premature to declare this the beginning of a sustained trend.

The Riksbank is hopeful for a recovery in demand during the current year, but it is still considered the early stages of recovery. Furthermore, inflation has persistently fallen short of the Riksbank’s predictions. In December, the Consumer Price Index-Fixed (CPIF) excluding energy was reported at 2%, which was below the central bank’s most recent forecast.

Adding to the cautious approach is the potential risk posed by US President Donald Trump’s trade policies, which could impact Sweden’s export-driven economy. With these factors in mind, ING analysts suggest there is room for an interest rate cut next week and another later in the year, potentially bringing the policy rate down to 2%, slightly below the Riksbank’s projected rate for the year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
Previous Post

Futures higher, Trump on tariffs, Netflix reports – what’s moving markets

Next Post

Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

Next Post
Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Trump’s tariffs on Brazil could make your coffee even more expensive

Trump’s tariffs on Brazil could make your coffee even more expensive

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Trump’s tariffs on Brazil could make your coffee even more expensive

Trump’s tariffs on Brazil could make your coffee even more expensive

July 11, 2025
Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

July 10, 2025
White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

July 10, 2025
Sports executive charged with bid-rigging in Texas arena project

Sports executive charged with bid-rigging in Texas arena project

July 10, 2025

Recent News

Trump’s tariffs on Brazil could make your coffee even more expensive

Trump’s tariffs on Brazil could make your coffee even more expensive

July 11, 2025
Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

July 10, 2025
White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

July 10, 2025
Sports executive charged with bid-rigging in Texas arena project

Sports executive charged with bid-rigging in Texas arena project

July 10, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved