Riksbank likely to move in a more hawkish direction next year

The Riksbank is keeping the door to further easing wide open, and will continue to do so at least throughout the rest of this year. 

Riksbank is too optimistic both on inflation and on global developments, which is why it is predicted that it will be forced to launch more easing in coming months, with QE more likely than rate cuts. 

However, should eg the ECB openly consider further deposit rate cuts, the Riksbank could become outgunned as it is already close to the rate floor. 

"The Riksbank will change its reaction function in a more hawkish direction next year. The outcome of the wage deals as well as from Mervyn King's report will be key", says Nordea Bank.