RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
BOJ’s Kazuo Ueda Signals Potential Interest Rate Hike as Economic Outlook Improves 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Data showed that Sweden's inflation for January came in better than expected, somewhat higher than the Riksbank's view. CPI m/m came in at -0.34% (Nordea -0.58; consensus -0.6; prior 0.1), while CPIF inflation, with or without energy, stood at 1.6% y/y, 0.1% point above forecasts.
With ECB likely to deliver aggressive policy easing in March there are renewed prospects for EUR/SEK downside. Much depends on how far the ECB will go. The Riksbank may have to take further measures to achieve a smooth and gradual strengthening of the SEK.
"Inflation for January came out somewhat higher than the Riksbank's view. This is of some relief for the Riksbank. However, there is still a risk that the bank will take more action going forward." said Nordea Bank in a research note.
