Disappointing Euro PMI’s send yield spreads wider
I don’t expect the ECB to consider further easing moves on the back of today’s PMI data, as the disappointing Euro PMI’s are more about a temporary downturn in global manufacturing following the sharp rise in oil prices.
Please read more in the slide attached.
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Problem is there is no alternative lower rate path in last report… I believe he tries to say that a cut not so likely – but still possible
EUR/NOK seems to react on Olsen’s comments: “No reason to consider alternative lower rate path at the moment” (quote on Reuters).
Piotr Bujak @pbujak May 21
@glenntyrpa I know it was Winiecki and my point was why keeping rates high, if in his view rates do not affect anything.
RT @SEK_bonds: Lots of rumours around that the 2 new Riksbank board members will be announced any day now