{"id":193256,"date":"2023-11-14T14:48:22","date_gmt":"2023-11-14T09:18:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=193256"},"modified":"2023-11-14T14:48:22","modified_gmt":"2023-11-14T09:18:22","slug":"another-hike-remains-an-important-step-toward-sek-strengthening-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/another-hike-remains-an-important-step-toward-sek-strengthening-ing-crypto-news\/","title":{"rendered":"Another hike remains an important step toward SEK strengthening \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Swedish core inflation slowed more than forecast in October. SEK seems limited after the release. Economists at ING analyze Krona\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">Faster inflation decline raises doubts about hike<\/h2>\n<blockquote>\n<p>While CPIF inflation accelerated \u2013 once again, less than expected \u2013 from 4.0% to 4.2%, the preferred core inflation measure by the Riksbank (CPIF excluding energy) slowed sharply from 6.9% to 6.1%.<\/p>\n<\/blockquote>\n<blockquote>\n<p>Our stance on SEK is clear. FX hedging operations are offering an edge to the Krona over other pro-cyclicals in the short term and in an improving risk environment, but those operations should end by February anyway \u2013 meaning this is not a sustainable driver of currency appreciation. In other words, another hike remains an important step toward SEK strengthening.<\/p>\n<\/blockquote>\n<blockquote>\n<p>We are still inclined to think the Riksbank will hike next week, although we admit this is closer to a 50\/50 call at this stage. Wednesday\u2019s Prospera inflation expectations survey results will help us make a final call.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>For now, SEK weakness seems limited after the inflation release, probably given expectations of Riksbank FX selling later today.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Swedish core inflation slowed more than forecast in October. SEK seems limited after the release. Economists at ING analyze Krona\u2019s outlook. Faster inflation decline raises doubts about hike While CPIF inflation accelerated \u2013 once again, less than expected \u2013 from 4.0% to 4.2%, the preferred core inflation measure by the Riksbank (CPIF excluding energy) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":115441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,1907,255,388,250,252,247,253,2367,249,3799,256,254],"class_list":["post-193256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eursek","tag-gta","tag-inflation","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-riksbank","tag-safe-moon","tag-sweden","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=193256"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193256\/revisions"}],"predecessor-version":[{"id":193257,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193256\/revisions\/193257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/115441"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=193256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=193256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=193256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}