Unconventional measures by the Riksbank highly unlikely – Danske Bank

FXStreet (Edinburgh) - In light of tomorrow’s meeting by the Riksbank, Senior Analyst at Danske Bank Jens Pedersen does not expect further easing announcements.

Key Quotes

“Riksbank is concerned about low inflation and EUR/SEK downside, we think the hurdle for invoking on unconventional measures is too large for now, and thus that the Riksbank will simply postpone the first hike in the repo-rate path”.

“With expectations high for more easing, EUR/SEK should move lower if we are right in seeing a fairly mild move from the Riksbank.