(Bloomberg) — The Riksbank is likely to accelerate the pace of easing this week, according to SEB AB traders who expect market moves to be limited after the decision is announced on Thursday.

The lender’s survey showed 63% of respondents believe the Riksbank will cut its benchmark interest rate by half a percentage point to 2.75% from 3.25%, while 37% expect the Swedish central bank to to continue to decrease by a quarter of a point.

The central bank previously said it could make a bigger move, and expectations have shifted in favor of that option after data released last week showed the Swedish economy remains in a holding pattern. Output fell in the third quarter and the country’s large export sector is growing pessimistic.

Most traders in the survey expect the Riksbank to cut by 25 basis points in December, but 8% foresee a second cut of half a point then. Among those surveyed, 16% believe the Riksbank will remain on hold until the end of the year after cutting 50 basis points this week.

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

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