THE MARKET COULD PUNISH THE SEK AGAIN – COMMERZBANK
Economists at Commerzbank analyze Swedish Krona’s outlook.
Riksbank does not exactly suggest that it is taking decisive action against inflation
We remain sceptical concerning the SEK.
After all, the Riksbank's restraint at its last monetary policy meeting in September does not exactly suggest that it is taking decisive action against inflation. If such an impression solidifies, the market will likely punish the SEK again.
Against this background, the upcoming statements by central bank officials – for example, Tuesday's public hearing in parliament - will certainly be followed with interest.
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