Danske Bank analysts note that the Riksbank stole the limelight in Scandinavia yesterday as on the back of weakening growth, higher unemployment and geopolitical turbulence internationally it was widely expected that the Riksbank would delay the next hike, but it did not and still said that a hike is to be expected around the turn of the year. Key Quotes “It lowered the rate path by up to 50bp. In many ways this resembles its reaction function in 2011 when Europe was heading into another crisis. In September 2011 the Riksbank acknowledged that the growth outlook had deteriorated and lowered (flattened) the rate path.” “Still it was signalling hikes through 2011-2012. Only three months later, in December, it delivered the first of a series of rate cuts. We do not think the Riksbank will hike this time around either and keep our forecast that the Riksbank will cut rates in Q1 next year.” 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 US Dollar Index Technical Analysis: The near-term constructive view stays intact above 97.96 FX Street 4 years Danske Bank analysts note that the Riksbank stole the limelight in Scandinavia yesterday as on the back of weakening growth, higher unemployment and geopolitical turbulence internationally it was widely expected that the Riksbank would delay the next hike, but it did not and still said that a hike is to be expected around the turn of the year. Key Quotes "It lowered the rate path by up to 50bp. In many ways this resembles its reaction function in 2011 when Europe was heading into another crisis. In September 2011 the Riksbank acknowledged that the growth outlook had deteriorated and lowered… 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.
