交易新闻
27 Apr 2015
Riksbank could cut rates further – Danske Bank
FXStreet (Edinburgh) - According to Allan von Mehren, the Riksbank could cut rates by 10 bp at its meeting this week.
Key Quotes
“In the Scandi FX markets, focus this week will be on the Riksbank meeting on Wednesday where we expect a small repo rate cut (10bp) to -0.35% and an expansion of the Riksbank QE programme of SEK30bn (to SEK70bn in total)”.
“While we acknowledge that our forecast is accompanied by considerable uncertainty, we do not think that our call is very aggressive compared with our perception of consensus”.
“Hence, if the Riksbank only cut interest rates and generally express a readiness to do more if needed, it would probably trigger a lower EUR/SEK”.
“In our view, the Riksbank would not want to see that outcome so we think that if it just cut the rate it would soon have to return with further action”.
“We expect EUR/SEK to remain caught between the ECB and the Riksbank and expect the cross to continue to range trade in the coming months targeting EUR/SEK at 9.40 in three months”.
Key Quotes
“In the Scandi FX markets, focus this week will be on the Riksbank meeting on Wednesday where we expect a small repo rate cut (10bp) to -0.35% and an expansion of the Riksbank QE programme of SEK30bn (to SEK70bn in total)”.
“While we acknowledge that our forecast is accompanied by considerable uncertainty, we do not think that our call is very aggressive compared with our perception of consensus”.
“Hence, if the Riksbank only cut interest rates and generally express a readiness to do more if needed, it would probably trigger a lower EUR/SEK”.
“In our view, the Riksbank would not want to see that outcome so we think that if it just cut the rate it would soon have to return with further action”.
“We expect EUR/SEK to remain caught between the ECB and the Riksbank and expect the cross to continue to range trade in the coming months targeting EUR/SEK at 9.40 in three months”.