Riksbank likely to make policy more accomodative

An additional 10bp repo rate cut in December after the ECB policy meeting, but remain of the view that the Riksbank is close to the end of its easing cycle. 

Given the expectations for a time expansion of ECB QE in December and the Riksbank's recent reactivity to policy abroad, particularly in the euro area, the Riksbank will likely make policy more accommodative, cutting its repo rate by an additional 10bp shortly after the ECB's meeting in December. 

"However, the need for additional policy stimulus will be a question and continue to think that the Bank is very close to the end of its easing cycle. The EUR/SEK forecasts remain intact, and a modest EUR/SEK depreciation is expected further ahead", says Barclays.