Sweden GDP Growth Rate QoQ
Among the expenditure components of the Swedish economy, household consumption is the most important, accounting for 46% of total usage. This is followed by government consumption (26%) and gross fixed capital formation (23%). 45% goes to exports of goods and services, while imports account for 41%, adding for 4% of total GDP.
A higher than expected figure should be seen as positive (bullish) for the SEK while a lower than expected figure should be seen as negative (bearish) for the SEK.
Forex Sentiment (SEK)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURSEK |
|
|
11.5258 -1632 pips |
11.6248 +642 pips |
11.6890 | |
| USDSEK |
|
|
10.5790 -2923 pips |
10.8837 -124 pips |
10.8713 | |
| GBPSEK |
|
|
13.2414 -3538 pips |
13.7198 -1246 pips |
13.59518 | |
| SEKJPY |
|
|
0 -1419 pips |
14.3210 -13 pips |
14.192 | |
| NOKSEK |
|
|
0.9899 -54 pips |
1.0378 -425 pips |
0.9953 |
News (SEK)
Sweden Central Bank Likely To Start Cutting Rates In May
Sweden's central bank indicated that it will cut the interest rate in May or June as the economy is expected to remain mired in recession, provided the inflation prospects remain favorable. The Executive Board of Riksbank decided to hold the policy rate at 4.00 percent on Wednesday, as expected. It is likely that the policy rate can be cut in May or June if inflation prospects remain favorable.
RTTNews | 41 days ago
Riksbank Says Rate Cut Possibility In H1 Cannot Be Ruled Out
Sweden's central bank on Thursday left its key interest rate unchanged for a second straight session, as expected, and suggested that a rate cut would be possible in the first half of the year. The Executive Board of the Sveriges Riksbank, led by Governor Erik Thedeen, left the key policy rate steady at 4.00 percent.
RTTNews | 96 days ago
Riksbank Pauses Rate Hikes Unexpectedly
Sweden's central bank unexpectedly paused its monetary policy tightening but expressed willingness to raise the interest rate further if the inflation outlook deteriorate. The executive board of Riksbank decided to leave the policy rate unchanged at 4.00 percent, confounding expectations for an increase of 25 basis points.
RTTNews | 166 days ago
