Nordea chief analyst Torbjorn Isaksson says the Riksbank has signalled roughly a
50% chance of a 25bp hike in H2, but current low inflation and a stable krona
point to no move. The bank left the policy rate at 1.75% on Wednesday and
reiterated it stands ready to act if necessary. Nordea said Middle East risks
remain but recent events and lower oil prices have reduced inflationary
pressure. Nordea maintains a forecast that the policy rate will stay at 1.75%
for the remainder of 2026.
