(Bloomberg) — The Riksbank is expected to accelerate the pace of its easing measures this week, according to traders at SEB AB who expect market movements to be limited after the decision was announced Thursday.

The Markets Bank survey showed that 63% of respondents believe the Riksbank will cut its benchmark interest rate by half a percentage point, from 3.25% to 2.75%, while that 37% expect the Swedish central bank to continue cutting in quarter-point increments.

The central bank has previously said it could take a bigger step, and expectations have shifted in favor of that option after data released last week showing the Swedish economy remains in a wait-and-see situation. Production declined in the third quarter and the country’s export sector is becoming more pessimistic.

Most traders surveyed expect a 25 basis point cut from the Riksbank in December, but 8% of them then expect a second cut of half a point. Among those surveyed, 16% believe the Riksbank will remain unchanged until the end of the year, following a 50 basis point cut this week.

The following market reactions to the different scenarios are expected by survey participants:

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