Markets are expecting a rate hike from the Danish Central Bank. Nonetheless, the base case scenario for Jan Størup Nielsen, an analyst at Nordea, is the current policy rate kept unchanged. Key quotes “In January the Danish central bank bought DKK 12.1bn to prevent a weakening of the Danish krone against the euro. This is the highest monthly purchase since December 2015 and brings the accumulated purchases over the past four months to a total of DKK 17.8bn.” “Currently, markets are pricing in an independent Danish rate hike of around 5bp within the next year. However, our baseline scenario is that the Danish central bank keeps the current monetary policy rate spread of 25bp unchanged throughout the year as we expect it to prioritise a reduction of the FX reserves.” “We find it likely that EUR/DKK will move lower throughout the year as excess liquidity in the Euro area will increase while it will stay relatively low in Denmark.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Price Analysis: If this trendline breaks it could spell trouble FX Street 2 years Markets are expecting a rate hike from the Danish Central Bank. Nonetheless, the base case scenario for Jan Størup Nielsen, an analyst at Nordea, is the current policy rate kept unchanged. Key quotes “In January the Danish central bank bought DKK 12.1bn to prevent a weakening of the Danish krone against the euro. This is the highest monthly purchase since December 2015 and brings the accumulated purchases over the past four months to a total of DKK 17.8bn.” “Currently, markets are pricing in an independent Danish rate hike of around 5bp within the next year. However, our baseline scenario is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
