SEK Views: Market perceived to be record-short SEK
Our bi-annual survey of Financial Institutions and Corporates estimate the FX market to be record-short SEK. Summarising our surveys for both FX and Fixed Income investors, a whopping 45% of respondents expect the Riksbank to hike the repo rate at the December or February meeting. The Fixed income survey participants also expect the Riksbank to keep its rate path largely unchanged at the upcoming October meeting. The FX survey ranks the Riksbank as a neutral driver for SEK – should the Riksbank surprise it is easy to project SEK appreciation. A majority of the survey participants blame the Riksbank policy for the weak SEK.
Riksbank rhetoric not fully in doubt
We have polled Financial Institutions and Companies on various topics including the Riksb ...