12 Feb 2015
Riksbank negative rate surprise sends EUR/SEK to rally – Rabobank
FXStreet (Barcelona) - The Rabobank Team shares that the 'surprise element' yet again saw a backer, with Riksbank cutting rates to negative territory.
Key Quotes
“The Riksbank surprised by cutting interest rates to -0.1% from 0.0%.”
“With interest rates so low, it seems that the element of surprise is becoming more useful for central banks with EUR/SEK rallying from around 9.48 to 9.60+ following the announcement.”
“On the top of that, the Riksbank will embark on QE as it will start purchasing nominal government bonds for SEK 10bn.”
Key Quotes
“The Riksbank surprised by cutting interest rates to -0.1% from 0.0%.”
“With interest rates so low, it seems that the element of surprise is becoming more useful for central banks with EUR/SEK rallying from around 9.48 to 9.60+ following the announcement.”
“On the top of that, the Riksbank will embark on QE as it will start purchasing nominal government bonds for SEK 10bn.”