FX Week

Swedish rates unlikely to be cut in the near term

STOCKHOLM – Swedish central bank Riksbank is unlikely to cut interest rates in tandem with Norway’s Norges Bank in the near term despite initial reactions to the monetary policy minutes, said Barclays Capital analysts last week.

“Unlike the Norges Bank’s emphasis on the inflation rate, the Riksbank minutes suggest a broader focus on reviving economic growth,” said Jane Foley, currency strategist at Barclays Capital in London. “So while continuation of recent soft labour market outcomes would

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