EZ key events coming up next week – TDS

By FXStreet FXStreet (Guatemala) – Analysts at TD Securities explained the key events taking place next week.

Key Quotes:

“Riksbank Policy Decision (15 Dec): The Riksbank has been fixated on ensuring a gradual appreciation of SEK. Economic fundamentals there are solid: economic growth is healthy and core inflation should be well-supported going forward (despite a dip down in November). The recent appreciation in KIX perhaps represents the biggest risk for policy as it touches October lows, but with the disappointing ECB now out of the way, we think the Riksbank will see less pressure on SEK going forward and thus be comfortable to stay on the side-lines. That said, a cut in the policy rate can’t be completely ruled out, but we don’t think it would be warranted.

2. Norges Bank Policy Decision (17 Dec): The painful adjustment to lower oil prices continues, and this month’s further deterioration in prices will not help: adjustment to past declines is still not complete, as evidenced by the latest dismal industrial production growth and the Regional Network Report. We therefore anticipate a cut next week by the Norges Bank in an effort to prop up the non-energy sectors of the economy, with one more rate cut to come …read more

Source:: FX Street