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Riksbank: 60% probability of easing - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    David Wagner, Research Analyst at Nomura, suggests that we have Riksbank meet today while the SEK has been trading more strongly than the Bank expected, and the latest inflation data have been disappointing.

    Key Quotes

    “Although the next meeting will again be a close call (timing might be tricky, as an ECB easing is highly expected at the next meeting in March), the Bank is likely to need to ease sooner rather than later to prevent SEK appreciation, and we attach a 60% probability of easing, which should strengthen EUR/SEK toward 9.50.”
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