19 Feb 2015
EUR/DKK under pressure, a rate cut by NB is not ruled out – Danske Bank
FXStreet (Edinburgh) - Kasper Kirkegaard, Chief Analyst at Danske Bank, sees the chance of the Danmarks Nationalbank to incur in further rate cuts in today’s announcement.
Key Quotes
“Pressure on EUR/DKK remains on the downside and despite Danmarks Nationalbank (DN) surprising the market last week by keeping its key policy rate unchanged at minus 0.75%, there is still speculation about further rate cuts”.
“One could be announced today at 16:00 CET, although we see the most likely scenario as one in which DN does not cut its key policy rate further, but fends off DKK appreciation pressure through FX intervention”.
Key Quotes
“Pressure on EUR/DKK remains on the downside and despite Danmarks Nationalbank (DN) surprising the market last week by keeping its key policy rate unchanged at minus 0.75%, there is still speculation about further rate cuts”.
“One could be announced today at 16:00 CET, although we see the most likely scenario as one in which DN does not cut its key policy rate further, but fends off DKK appreciation pressure through FX intervention”.