Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
Gold Prices Slip as Fed Rate Hike Looms, Treasury Yields Rise 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
ECB Rate Hike in Focus as Oil Tops $100 
Asian Stocks Rise After Fed Rate Hike 
Saudi Arabia Raises Security Alerts as Houthi Attacks Threaten Oil Routes 
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
JPMorgan Sees ECB Raising Rates to 2.75% in December 
Add as a preferred source on Google
The Riksbank is expected to lower the rate path and push the next rate hike into next year, while keeping the benchmark interest rate unchanged at the upcoming monetary policy meeting on July 3, according to the latest research report from DNB Markets.
There are mixed signals before the July monetary policy meeting. On the one hand, the actual figures for economic growth have been higher than the Riksbank expected, and inflation has been in line with expectations.
The SEK has been weaker than expected. These are arguments for increasing the rate path and would ceteris paribus signal an earlier rate hike than the current path. On the other hand, the global outlook has moderated and the downside risks are higher due to the escalated trade war between the US and China.
Foreign rates have fallen, and rate cut expectations have emerged after the April meeting. These arguments speak in favour of removing the rate hikes in the rate path.
"We find it most likely that the Riksbank will present a flatter rate path, pushing the first rate hike into next year, and hence buy itself some time to decide upon further actions. Actual figures for the Swedish economy call for higher rates in our view, but downward risks are weighing on the rate path," the report further commented.
