(Bloomberg) Sweden’s central bank will likely begin raising interest rates already this year, grabbing a head start on its larger counterpart in Frankfurt in the race to unwind Europe’s unprecedented stimulus drive.That’s the view of hedge fund Excalibur Asset Management, which oversees 5 billion kronor ($571 million) in Stockholm.
“We’re moving into a time when the Riksbank will gradually change its monetary signaling,” said Thomas Pohjanen, its acting chief executive officer. “When it happens, one should buy protection against higher Swedish rates, in particularly in the short end.”
