Riksbank Holds Rate at 1.75%, Signals Increased Hike Probability
Sweden's Riksbank kept its policy rate unchanged at 1.75%, in line with expectations, but indicated a higher probability of a rate hike later this year compared to its March assessment.
SEK
The Riksbank left its key policy rate at 1.75% as widely anticipated. In its latest review, the central bank noted that "the probability that the rate will be raised later this year has increased in relation to the assessment in March." This represents a small hawkish adjustment in tone, signaling that policymakers are leaning toward tightening.
No further specifics were provided on the timing or magnitude of a potential hike. Markets will monitor upcoming data for further clues.
Source: FXStreet Forex News