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Forex Flash: Close call for Riksbank tomorrow – Rabobank

The recent improvements in the Swedish economy would add further pressure to the Riksbank, which will decide tomorrow whether to take the lending benchmark to 0.75% from the current 1.0%. Since last meeting in mid December, the krona strengthened from around 8.8000 to 8.5000 in early January, just to pick up pace later to the actual levels around 8.5600

“We are of the view that the most likely course of events will be for the Riksbank to hold at 1% but for the accompanying rhetoric to maintain a clear dovish bias with the door left open for further easing in April should developments in the interim warrant it”, assessed Analyst Christian Lawrence at Rabobank.

ECB's Draghi: Spain is on the right track

ECB head Mario Draghi, who visited Madrid on Friday to speak before Spanish lawmakers and hold talks with PM Mariano Rajoy, said at a press conference that the country was heading towards economic recovery.
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Forex Flash: S&P affirms stable outlook for Ireland – Deutsche Bank

According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, it was recently reported that banks in the EU may need to comply with liquidity coverage rules sooner than in other parts of the globe – Ireland, which holds the rotating presidency of the EU, is pressing for an agreement to have the rule take full effect on January 1, 2018, a year ahead of a deadline set just last month by global central bank chiefs.
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