The Riksbank left both the policy rate and the forecast for interest rates unchanged today. The policy statement is also broadly similar to September, indicating that the policy rate “will be raised by 0.25 percentage points either in December or February”. Two monetary policy committee members are now voting for an immediate rate hike (Martin Floden joining Henry Ohlsson in the hawkish dissenter’s camp). The forecasts for GDP have been revised down following the statistics office’s major revision to the Q2 GDP figure, and now indicates somewhat weaker momentum in the Swedish economy. Unemployment has also been ... (full story)