Nordic Central Banks Buck Global Trend with More Rate Hikes on Horizon
-
Central banks in Nordic countries may continue raising rates, unlike the Fed, ECB, and Bank of England. Sweden's Riksbank and Norway's central bank could hike again this year.
-
Policymakers in the Nordics are worried about foreign exchange pressures weakening their currencies and raising imported inflation.
-
Iceland's central bank may be on hold after aggressive hikes, with rates already at 9.25%.
-
The Fed will release minutes from its latest meeting where it held rates steady. US economic data is light this week due to Thanksgiving.
-
The Bank of England and ECB will be in focus in Europe. The BOE's Bailey testifies amid easing UK inflation while the ECB releases financial stability risks.