Riksbank seen expanding QE next week – TDS

In view of strategists at TD Securities, the Nordic central bank could expand its current QE programme, albeit leaving rates unchanged.

Key Quotes

“The Riksbank meets for the second time this year”.

“While a rate cut seems off the table (3 of the 6 Executive Board members have expressed scepticism towards further cuts), we expect the Riksbank to extend its QE program by a further SEK45bn in order to prevent a sharp correction in SEK if markets think they've finished easing”.