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Riksbank could ease further in December – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Pernille Henneberg sees the likeliness of the Nordic central bank to pump further stimulus at the December meeting.

Key Quotes

“The rally in EUR/SEK faded on Tuesday underlining our view that the trading range in EUR/SEK has moved lower as Swedish data are improving”.

“In our view, Riksbank is unlikely to cut rates at its upcoming meeting on 28 October with EUR/SEK trading at current levels. Instead, we expect another rate cut of 10bp to -45bp and extension of the current QE programme at the December meeting”.

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