We find risks of a hawkish address from the Riksbank underappreciated and see 50bps as our base-case. The Riksbank needs to stop the bleeding in the SEK or at least attempt to and even the doves such as Flodén know it.
![Trade alert: SEK into Riksbank!](https://stenoresearch.com/wp-content/uploads/2023/05/TradeAlert-1080x675.png)
We find risks of a hawkish address from the Riksbank underappreciated and see 50bps as our base-case. The Riksbank needs to stop the bleeding in the SEK or at least attempt to and even the doves such as Flodén know it.