ING looks ahead to Riksbank rate decision

On Feb. 8, ING predicted it would raise rates by 50 basis points, given new President Erik Thedeen’s warnings about the recent weakness in the Swedish krona and the Riksbank’s past indications that it wants to get ahead of the ECB in a tightening cycle. Still, they believe interest rates in Sweden are already close to their peak as the housing market comes under pressure. The agency expects the Riksbank to raise interest rates by another 25 basis points in April, which would mark the peak of the rate hike cycle.