HomeAnálisis De MercadoForexEnd of the hiking cycle

End of the hiking cycle



  • ECB increased its key policy rate 25bp earlier today.Danmarks Nationalbank (DN) hiked its key policy rate 25bp to 3.60% after the
  • We expect the rate hikes today to mark the end of the hiking cycle in the euro area and in Denmark and next move to be a rate cut in the summer of 2024.
  • EUR/DKK trades close to the central rate and we thus look for DN to follow future ECB rate changes 1-to-1 and keep the policy rate spread at -0.40pp.

Danmarks Nationalbank (DN) just announced it hiked its key policy rate 25bp to 3.60%. The rate increase follows the decision by the ECB earlier today, which increased its policy rates 25bp to 4.00%.

We expect the hike today to mark an end to the hiking cycle. Although inflation remains elevated in the euro area, it will likely drop close to 2% next year, which should pave the way for interest rate cuts starting next summer.

EUR/DKK trades close to the central rate. We expect it to stay here and thus for DN to follow future interest rate changes from the ECB 1-to-1. I.e. we do not expect DN to make any unilateral adjustments of the policy rate spread, which is currently -0.40pp. It means we expect DN to keep its key policy rate unchanged at 3.60% until next summer 

Download the Full Report!


Reciba noticias de Vimilin desde Google news


Please enter your comment!
Please enter your name here


BTC price shows ‘textbook’ Wyckoff moves as Bitcoin bulls defend $25K

Bitcoin (BTC) consolidated higher on Sept. 15 as analysis described recent BTC price behavior as “textbook.”Collect this article as an NFT to preserve this moment...

Magic Eden integrates Solana’s compressed NFTs into marketplace

Nonfungible token (NFT) marketplace Magic Eden has announced that it will support Solana’s compressed NFTs (cNFTs) to provide a cost-efficient and scalable alternative to owning...

House Democrats back Biden candidacy as calls for president to drop out intensify on the left

FIRST ON FOX: House Democrats appear to be behind another Biden-Harris ticket, even as President Biden is being discouraged against running by some on the...

3 Standout Stocks to Buy as Worse-Than-Expected CPI Numbers Revive Inflation Fears

The August CPI report showed headline annual inflation rising 3.7% compared to the 3.2% reading seen in July and a 3.0% increase in June. As inflation...

Más popular