13 May 2015
Riksbank could ease further on Monday – TDS
FXStreet (Edinburgh) - Jacqui Douglas, Strategist at TD Securities, sees the Nordic central bank cutting rates 10-15 bp at its meeting on Monday.
Key Quotes
“After yesterday’s downside surprise to Swedish inflation, the risks of another intermeeting rate cut are once again high”.
“And with the next non-monetary policy Executive Board meeting coming up on Monday on 18th, that will provide a timely opportunity for the Riksbank to address this downside surprise”.
“While there are good arguments both for and against another rate cut right now, we think that the odds lie toward further easing and now look for another 10-15bps intermeeting rate cut on Monday”.
Key Quotes
“After yesterday’s downside surprise to Swedish inflation, the risks of another intermeeting rate cut are once again high”.
“And with the next non-monetary policy Executive Board meeting coming up on Monday on 18th, that will provide a timely opportunity for the Riksbank to address this downside surprise”.
“While there are good arguments both for and against another rate cut right now, we think that the odds lie toward further easing and now look for another 10-15bps intermeeting rate cut on Monday”.