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Money maket players see interest rate unchanged in 12 months

Posted by | April 17, 2013 .

STOCKHOLM (Reuters) – Money market players expect Sweden’s central bank to keep rates unchanged over the coming year, a poll commissioned by the Riksbank showed on Wednesday.

Money market players saw the Riksbank’s key repo rate at 1.0 percent in 12 months and 1.5 percent two years ahead, the survey by research group TNS Prospera showed.

That was unchanged with expectations in a March poll.

The Riksbank is due to unveil its latest rate decision at 0730 GMT and is expected to keep its repo rate unchanged at 1.00 percent.

The survey saw headline inflation at 1.0 percent in 12 months and 1.6 percent in two years, unchanged from the previous survey in March.

The central bank targets annual consumer price inflation of 2 percent. Inflation has been below target since the end of 2012, with prices falling in February 2013.

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