Handelsbanken Predicts Interest Rate Hike in September and Higher Normal Interest Rate Level
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Handelsbanken raises its forecast for GDP growth this year to 2.6 percent, adjusted for calendar changes. This compares with 2.1 percent in a forecast from April. The key interest rate is expected to be raised at the end of the year.
Handelsbanken now expects the Riksbank to raise the key interest rate in December, followed by another increase in June next year. “Households and companies should assume that interest rates going forward will be somewhat higher than today, even if we do not see any major upturn,” says Christina Nyman, chief economist at Handelsbanken, in a comment.
Handelsbanken raises its forecast for GDP growth this year to 2.6 percent, adjusted for calendar changes. This compares with 2.1 percent in a forecast from April. The key interest rate is expected to be raised at the end of the year. The Riksbank will raise the key interest rate in two steps to 2.25 percent, starting in December, according to the forecast – to avoid high inflation. “Households and companies should assume that interest rates in t…
And interest rates will be higher than previously expected, the bank predicts. That's bad news for the new housing market.
Handelsbanken Believes in Interest Rate Hike in September: – The Interest Rate Level Is Here to Stay
The verdict in the interest rate market is clear, says Chief Economist Marius Gonsholt Hov at Handelsbanken. The high interest rate level is here to stay.
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