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Riksbank: High risk for easing - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    James Rossiter, Senior Global Strategist at TDS, suggests that the Riksbank meets this week for the first time since mid- December and they expect them to hold firm on policy, but the risks are once again high that they ease.

    Key Quotes

    “The Swedish economy continues to out-perform its G10 peers, inflation is on a path towards target, and the KIX remains range-bound. We think this argues for no action this week.

    That said, the Riksbank has built a proclivity to ease proactively, and for this reason we flag a significant risk that the repo rate is cut further this week regardless of the currently sound economic fundamentals. Indeed, markets are pricing about a 60% chance of a 10bps cut.”
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