Morgan Stanley Previews This Week's Policy Meetings at The Central Banks of Poland, Sweden, United Kingdom, Norway, Czech Republic

BY MT Newswires | ECONOMIC | 11/04/25 11:16 AM EST

11:16 AM EST, 11/04/2025 (MT Newswires) -- Morgan Stanley said that while it expects an on-hold decision at Poland's central bank (NBP) on Wednesday, it sees a 45% subjective probability for a 25bps rate cut.

Morgan Stanley forecasts Sween's Riksbank to remain on hold on Wednesday. The incoming data since the September meeting further reinforces the bank's view that the Riksbank is done with easing.

Morgan Stanley estimates a 5-2-2 vote for a hold at the Bank of England on Thursday, with external members Alan Taylor and Swati Dhingra voting for a 50bps cut, and Deputy Governors Sarah Breeden and Dave Ramsden voting for a 25bps reduction. The bank sees unchanged guidance, with Governor Andrew Bailey suggesting that his vote for a hold was a finely balanced one.

The Czech central bank (CNB) is predicted to remain on hold on Thursday, maintaining its risk-management stance, stated Morgan Stanley.

Morgan Stanley forecasts Norway's Norges Bank to return to its pause mode on Thursday. While core inflation in September surprised to the downside, it won't be enough to sway Norges Bank away from its September guidance.

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