New forecast: Rate hikes despite lower growth
The Swedish economy remains strong, but geopolitical worries persist, and there is a great deal of uncertainty. Among other things, this is evident in the global industrial cycle, which is starting to cool off. However, as long as employment figures and inflationary pressure are increasing, we expect to see rising interest rates in Sweden.“The Riksbank seems to have made up its mind, and we believe it’s highly unlikely that it won’t hike the repo rate by February at the latest,” says Chief Economist Ann Öberg.As before, Handelsbanken’s economists believe that growth in Sweden is heading