MNI BRIEF: Riksbank To Hold Policy Rate "For Some Time"

Sweden's Riksbank left its policy rate unchanged at 1.75% on Thursday, and will hold it there "for some time to come," as it assesses the current rate level is helping to strengthen domestic demand and economic activity. (see MNI RIKSBANK WATCH: On Hold, But Eyes On Hike Signals )

The economic outlook appears slightly better compared with the bank's September forecasts, while the inflation outlook is similar, although the bank said that the outlook was marked by geopolitical conflicts, uncertain US policy, high asset valuations in financial markets and weak public finances in several countries.

The Riksbank did not adjust its policy rate path, which reaches 1.77% by the end of 2026, in contrast with market pricing which suggests a better-than-even chance of a hike at some point next year. (see MNI INTERVIEW: Riksbank's Thedeen Sees Policy Rate Stimulative )