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Rareview Macro

September 24, 2019

Swedish Krona (SEK) Set to Weaken

Investors are becoming increasingly concerned that the Riksbank, the oldest central bank in the world, is behind the curve. Specifically, a consensus is forming that the Riksbank is too sanguine regarding growth, employment, inflation, and inflation expectations.Over the past year, Sweden’s unemployment has risen by more than 1% and from its trough has risen 1.4%.

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