Riksbank hikes its Rate by 50bps to 3.50% as expected; Dissent from Bremen and Floden (3-2 vote split); forecast indicate 25bps hike in June or September; peak rate seen at 3.65% (prev. 3.33%), Q2-2026 average 3.35%; reiterates language on SEK

DISSENT

Bremen and Floden opted for 25bps and an interest rate path that indicates a high probability of further increases in June and/or September.
"Against the backdrop of well anchored inflation expectations, the moderate wage increases and the weak and downward-revised forecast for domestic demand, they argued that the monetary policy tightening should now proceed gradually to keep the door open for alternative courses of action later in the year, including a return to larger increases if inflationary pressures do not slow down sufficiently quickly."

SEK