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Riksbank Minutes: Remains prepared to act – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, notes that the Riksbank minutes for February’s meeting reinforced that the Riksbank remains prepared to act, especially in response to other central banks easing (in so much as it implies SEK appreciation).

    Key Quotes

    “However, there was considerable disagreement within the committee, with 2 of the 6 Executive Board members dissenting on the decision to cut the repo rate by 15bps to -50bps, and interestingly, a third saying that it was very difficult to decide on rates (before ultimately siding for a cut).

    We don’t think today’s minutes change much – it’s very much a split committee that wants to sound ready to act, but isn’t entirely sure if it should (especially given how close to evenly-split it now is).”
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