Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

FX & Rates

<ul><li>Riksbank expected to stay on hold due to inflation moving along expected lines</li><li>Norges Bank has implicit easing bias but unlikely to deliver rate cuts based on incoming data</li><li>Bank of England keeps rates on hold with closer vote split, markets pricing in gradual rate cuts through early next year</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Riksbank expected to stay on hold due to inflation moving along expected linesNorges Bank has implicit easing bias but unlikely to deliver rate cuts based on incoming dataBank of England keeps rates on hold with closer vote split, markets pricing in gradual rate cuts through early next yearThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

European Rates: BoE and Scandi central bank roundup

External broker reports, Nordea

Nordea

External broker reports

External broker reports(aggregated public sources)

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Macroeconomics

<ul><li>The Budget Bill for 2026 presented today was in line with expectations and discretionary reforms amounts to a total cost of SEK 78.9bn, or 1.2% of GDP.</li><li>Most proposals had been presented in advance, more than SEK 70bn, thus limiting the room for surprises in today’s announcement.</li><li>The remaining reforms were broadly diversified among categories, but somewhat more was allocated to energy and the environment.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Budget Bill for 2026 presented today was in line with expectations and discretionary reforms amounts to a total cost of SEK 78.9bn, or 1.2% of GDP.Most proposals had been presented in advance, more than SEK 70bn, thus limiting the room for surprises in today’s announcement.The remaining reforms were broadly diversified among categories, but somewhat more was allocated to energy and the environment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>We expect the Riksbank to announce that the policy rate will remain unchanged at 2.0% at its meeting on 23 September.</li><li>The door will likely remain ajar for a future rate cut, but less so than at recent monetary policy meetings.</li><li>This would reinforce our view that the Riksbank is done cutting.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We expect the Riksbank to announce that the policy rate will remain unchanged at 2.0% at its meeting on 23 September.The door will likely remain ajar for a future rate cut, but less so than at recent monetary policy meetings.This would reinforce our view that the Riksbank is done cutting.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Riksbank preview: Improved growth outlook

<ul><li>The Finance Minister Svantesson said in Harpsund in late August that the Budget Bill will contain SEK 80bn (estimated 1.2% of GDP) in discretionary spending.</li><li>The Government has so far announced detailed reforms amounting to SEK 60.0bn.</li><li>When announcing the reform space, Svantesson described the current economic environment in Sweden as a prolonged downturn.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Finance Minister Svantesson said in Harpsund in late August that the Budget Bill will contain SEK 80bn (estimated 1.2% of GDP) in discretionary spending.The Government has so far announced detailed reforms amounting to SEK 60.0bn.When announcing the reform space, Svantesson described the current economic environment in Sweden as a prolonged downturn.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sweden Budget Bill Preview: Households in the spotlight

<ul><li>Inflation eased somewhat in August but remained above the Riksbank’s view.</li><li>CPIF stood at 3.2% y/y and CPIF ex energy at 2.9 % y/y in August.</li><li>Thus, CPIF excluding energy was confirmed while headline CPIF was revised down by 0.1% point compared the flash released a week ago.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Inflation eased somewhat in August but remained above the Riksbank’s view.CPIF stood at 3.2% y/y and CPIF ex energy at 2.9 % y/y in August.Thus, CPIF excluding energy was confirmed while headline CPIF was revised down by 0.1% point compared the flash released a week ago.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Swedish August final inflation review: Prices for services lower than forecast

Sweden

The Swedish krona is the official currency of Sweden

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European Rates: BoE and Scandi central bank roundup

Central banks in Sweden, Norway, and the UK are expected to maintain their current interest rate levels, with market overpricing rate cuts and...

At Any Rate

Sweden Budget Bill Review: Booster

The Budget Bill for 2026 presented today was in line with expectations and discretionary reforms amounts to a total cost ofSEK 78.9bn, or 1.2% of GDP.

Nordea

Riksbank preview: Improved growth outlook

We expect the Riksbank to announce that the policy rate will remain unchanged at 2.0% at its meeting on 23 September. The door will likely remain...

Nordea

Sweden Budget Bill Preview: Households in the spotlight

The Finance Minister Svantesson said in Harpsund in late August that the Budget Bill will contain SEK 80bn (estimated 1.2% of GDP) in discretionary...

Nordea

Swedish August final inflation review: Prices for services lower than forecast

Inflation eased somewhat in August but remained above the Riksbank’s view. CPIF stood at 3.2% y/y and CPIF ex energy at 2.9 % y/y in August.

Nordea

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