US EditionCracking open the door to a cut - Monex Canada
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Cracking open the door to a cut - Monex Canada
The Riksbank held its policy rate at 2.25% following the May meeting, matching both consensus and our own house call. The interesting details once again came in the policy statement, tilting dovish in our view, and opening the door to further easing later this year. We now expect a final cut that takes the policy rate to 2.0% before end-2025. Timing, however, will be data-dependent. Our suspicion is that June remains too early to ease, especiall…
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