Riksbank Could Stay ‘On-Hold’ in April – Danske Bank
According to Senior Analyst at Danske Bank Sverre Holbek, the Riksbank could stay put at its meeting later in the month.
Key Quotes
“In relation to SEK,
deputy Skingsley said in a speech today that only if there are
significant downward revisions of inflation and economic forecasts would
she consider further stimulus”.
“We think more members of the
monetary policy committee may share her opinion as Floden and Ohlsson
were against the recent interest rate cut”.
“Hence, it is quite likely that the Riksbank
will refrain from further QE in April. A relatively less dovish
Riksbank would yield support to the undervalued SEK, in our view”.
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