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Riksbank goes NIRP for longer – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Michael Grahn, Research Analyst at Danske Bank, notes that the Riksbank cut 15bp to -0.50% and flattened the repo rate path out to Q2 17 but there is more to come in our view.

    Key Quotes

    “Stands ready to intervene in the FX market.

    Says it will reinvest maturities and coupons and stands prepared to do more QE. We still expect another SEK50bn expansion in April. The Riksbank for the first time mentioned purchases of linkers.

    Reduces inflation forecast by 0.4pp 2016 but is still a bit too bullish compared with our forecast.”
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