Sweden 360 Weekly Market Review

SEB forecasts a 2.6% GDP growth for 2026 and expects the Riksbank to maintain rates on hold in June while simultaneously revising the long-term rate path higher.

Key Takeaways

• 1.The Riksbank is expected to keep rates on hold in June but will likely signal a higher policy rate path for 2026 and 2027.
• 2.SEB maintains its 2026 GDP growth forecast at 2.6% despite weak Q1 results, anticipating a recovery in Q2.
• 3.EUR/USD is expected to remain range-bound (1.15–1.18) due to the ongoing closure of the Strait of Hormuz and resilient US economic data.

Table of Contents

• Current Macro & Market Views
• Rates & FX
• Upcoming data
• Riksbank – Market pricing and SEB view
• SEB Macro view summary
• Standardized material – FX & Fixed Income Markets