• The forecast is for the Bank to keep its key interest rate unchanged.
• We share the view for an unchanged policy rate, but we expect the Bank to extend the duration of its QE program as well.
• The decision may be accompanied with an ultra-dovish message, as November’s CPI and CPIF both lie below the Riksbank’s own forecasts.
• Such dovish signals could bring SEK under renewed selling interest.

*All trading involves risk. It is possible to lose all your capital.