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3 Sep 2015
Riksbank to remain ‘on hold’ today – Danske Bank
FXStreet (Edinburgh) - Kasper Kirkegaard, Chief Analyst at Danske Bank, sees the Nordic central bank keeping its monetary stance unchanged at today’s meeting.
Key Quotes
“The Riksbank's policy decision (and monetary policy report) is released at 09:30 CET”.
“Our base scenario is that it will leave the repo rate unchanged at -0.35% but it is a close call”.
“If it makes another cut, it is likely to be another 10bp. Given recent declines in oil and other commodity prices, we expect it to delay future rate hikes further”.
“According to the July projection, rate hikes are seen from Q3 16”.
Key Quotes
“The Riksbank's policy decision (and monetary policy report) is released at 09:30 CET”.
“Our base scenario is that it will leave the repo rate unchanged at -0.35% but it is a close call”.
“If it makes another cut, it is likely to be another 10bp. Given recent declines in oil and other commodity prices, we expect it to delay future rate hikes further”.
“According to the July projection, rate hikes are seen from Q3 16”.