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4 Mar 2015
Denmark might see a stable policy rate for the next 12 months – Danske
FXStreet (Barcelona) - Signe Roed-Frederiksen, Senior Analyst at Danske Bank, assesses Denmark’s FX reserves data to explain that the Danmarks Nationalbank might keep EUR/DKK in the 7.4440-7.4700 in 1m-12m and refrain from any additional changes in policy rates.
Key Quotes
“Danmarks Nationalbank (DN) published its FX reserves yesterday, which showed interventions of DKK168.7bn in February.”
“According to DN the interventions were concentrated in the first part of the month and the central bank did not intervene in the FX markets in the latter part of February.”
“We expect DN to keep EUR/DKK stuck in the range of 7.4440-7.4700 in 1M-12M and do not expect it to make changes to the key policy rate within the coming 12 months.”
Key Quotes
“Danmarks Nationalbank (DN) published its FX reserves yesterday, which showed interventions of DKK168.7bn in February.”
“According to DN the interventions were concentrated in the first part of the month and the central bank did not intervene in the FX markets in the latter part of February.”
“We expect DN to keep EUR/DKK stuck in the range of 7.4440-7.4700 in 1M-12M and do not expect it to make changes to the key policy rate within the coming 12 months.”