Riksbank: Unchanged repo rate and path – Nordea Markets

Mats Hydén, analyst at Nordea Markets, notes that the Riksbank left its repo rate unchanged at -0.25%, while making no changes to its repo rate path.

Key Quotes

“GDP growth for 2019 was revised down to 1,3% (from 1,5%). Apart from that no major downward revisions to Swedish economy.”

“The mandate to intervene in the currency was not renewed. This is slightly EURSEK bearish near-term.”

“No new comments on the asset portfolio. We expect the Riksbank to deliver new information regarding its bond buying at the April meeting.”

“All-in-all, a "wait-and-see" announcement much inline with our expectation. Market reactions should be limited in rates while a decrease in EURSEK is reasonable as the FX intervention mandate was not renewed. The effect should be temporary.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

EUR/USD slides on USD strength, weak German data

EUR/USD is trading below 1.1350. The German IFO Business Climate slightly missed expectations with 98.5 points. The USD is gaining ground despite progress in US-Chinese talks.


GBP/USD recaptures 1.3000 amid Brexit uncertainty, dollar swings

GBP/USD is trading above 1.3000 once again, as the USD loses ground now. Reports about a potential extension of Brexit are circulating but no progress has been made. Trump meets China's Vice PM Liu later.