Sweden: Riksbank minutes and industrial production in focus - TDS

Analysts at TDS are looking for a 0.8% m/m gain in Sweden’s IP for November.

Key Quotes

“We also get minutes today from last month’s Riksbank meeting, where the Executive Board voted to formally end QE, but at the same time decided to continue reinvesting coupon payments and maturing bonds through H1 2019, leaving a dovish tone overall. We’ll be looking for any deeper discussion into the Riksbank’s exit strategy, as we draw closer to the point where the Riksbank has indicated it could begin raising rates.”

“We do ultimately expect the first hike to be pushed back a bit from the current “middle of 2018” timing that the Riksbank maintained in December, especially if Eurozone core inflation remains as soft as we expect, and the ECB continues QE beyond September 2018.”