Riksbank leaves door open for November rate hike,

Aihucha, September 21: Nordea Chief Analyst Torbjorn Isaksson said in a report that the Swedish central bank has opened the door to further interest rate hikes in November and will begin to hedge foreign exchange reserves, which may support the Swiss franc. The interest rate path was revised upward, indicating a peak of 4.1% in Q2'24, compared with 4.05% in the previous Q1. He said there is a 30% chance of a 25 basis point interest rate hike in November. Nordea sees the outlook for next year as uncertain and currently expects the first rate cut in September 2024.