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25 Feb 2015
SEK stronger post-Riksbank – BBH
FXStreet (Edinburgh) - The research team at BBH remarked the strength in the krona following today’s Riksbank minutes.
Key Quotes
“Rather than emphasize the clear indication that the Riksbank could quickly move to expand its monetary stimulus, with its first bond purchases under QE to be launched tomorrow, the market focused what appears to be a high bar for additional action”.
“Ingves even suggested underlying inflation may be bottoming out”.
“Another board member expressed skepticism of the impact of QE in Sweden”.
“The market took the euro down to SEK9.4625, a two-week low. The next immediate target is SEK9.43 and then SEK9.37”.
Key Quotes
“Rather than emphasize the clear indication that the Riksbank could quickly move to expand its monetary stimulus, with its first bond purchases under QE to be launched tomorrow, the market focused what appears to be a high bar for additional action”.
“Ingves even suggested underlying inflation may be bottoming out”.
“Another board member expressed skepticism of the impact of QE in Sweden”.
“The market took the euro down to SEK9.4625, a two-week low. The next immediate target is SEK9.43 and then SEK9.37”.