18 May 2015
Riksbank to cut rates by 10 bp today – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Signe Roed-Frederiksen sees the Nordic central bank cutting the repo rate further in today’s meeting.
Key Quotes
“The SEK will be in the spotlight today due to the Riksbank’s non-policy meeting“.
“The new Riksbank will likely act given the latest very disappointing inflation print: we expect a 10bp rate cut”.
“Importantly, however, we see a considerable risk of a larger cut (i.e. 25bp) and we therefore regard risks as skewed towards a weaker SEK today”.
“We still expect EUR/SEK to be locked in a range for most of the year with the upside capped by relative fundamentals, ECB QE and the downside protected by the Riksbank”.
Key Quotes
“The SEK will be in the spotlight today due to the Riksbank’s non-policy meeting“.
“The new Riksbank will likely act given the latest very disappointing inflation print: we expect a 10bp rate cut”.
“Importantly, however, we see a considerable risk of a larger cut (i.e. 25bp) and we therefore regard risks as skewed towards a weaker SEK today”.
“We still expect EUR/SEK to be locked in a range for most of the year with the upside capped by relative fundamentals, ECB QE and the downside protected by the Riksbank”.