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15 Apr 2015
Inflation figures brought in some relief for the Riksbank – Danske Bank
FXStreet (Edinburgh) - According to Senior Analyst Signe Roed-Frederiksen at Danske Bank, the recent CPI prints in the Swedish economy have eased fears of a rate Cut by the Riksbank.
Key Quotes
“Yesterday’s release of Swedish CPI was very much in line with our expectations: slightly lower than market expectations but still 0.2 and 0.1 percentage points higher than the Riksbank's current forecasts for CPI and CPIF, respectively”.
“The release sent EUR/SEK marginally higher and should money market participants’ inflation expectations due for release today show an increase, the pressure on the Riksbank will arguably have eased”.
“No matter the outcome of today’s release the Riksbank will, however, still be ready to do more if required which together with ECB QE should cap EUR/SEK in a narrow range in the coming month”.
Key Quotes
“Yesterday’s release of Swedish CPI was very much in line with our expectations: slightly lower than market expectations but still 0.2 and 0.1 percentage points higher than the Riksbank's current forecasts for CPI and CPIF, respectively”.
“The release sent EUR/SEK marginally higher and should money market participants’ inflation expectations due for release today show an increase, the pressure on the Riksbank will arguably have eased”.
“No matter the outcome of today’s release the Riksbank will, however, still be ready to do more if required which together with ECB QE should cap EUR/SEK in a narrow range in the coming month”.