Swedish Krona Trades Steady Ahead of Rate Decision
Dow Jones
Aug 20
0644 GMT - The Swedish krona trades steady against the euro ahead of the Riksbank's policy decision at 0730 GMT. Sweden's central bank is likely to leave its policy rate unchanged at 1.75%, Commerzbank's Antje Praefcke says in a note. Since no sustained easing of the Middle East conflict is in sight and energy prices remain elevated, the Riksbank could reiterate the possibility of future rate rises and wait to see how the situation developments, she says. Until new forecasts are published at the end of September, the Riksbank is under no pressure to act, she says. "All in all, today's interest-rate meeting should be neutral for the krona." The euro trades flat at 11.0158 krona.
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