Nordea is now joining a number of other major banks in believing that the Swedish Central Bank will lower interest rates in June. Nordea has been one of the banks that believed the Swedish Central Bank would remain still but writes in a market update that it now believes the interest rate will be lowered to 2.00 percent in order to remain still until December 2026.
In the previous forecast, it was not believed that any lowering would occur at all during the forecast period.
The main reasons for Nordea now having changed its view are lower inflation than expected as well as weak GDP growth, it writes.
