In addition to the normal statement, the Fed will publish FOMC members' projections for growth and the Fed funds rate, followed by a press conference with Chairman Ben Bernanke. He will probably stress yet again that QE tapering is not a tightening of monetary policy, but rather a reduction in monetary easing and that QE tapering will not imply that the Fed has moved the timing of its first rate hike closer.
Minutes from the June Bank of England meeting: The May minutes showed unchanged positions with a minority of three members voting for more QE. We expect this to have been unchanged at Governor King's final MPC meeting.
The Swedish government is selling a 5.7% stake in Nordea (around SEK18bn), and will use the proceeds to reduce the national debt. If there is a large foreign investor take-up, this should, on the margin, be SEK positive. June confidence surveys and May unemployment are also due to be published today.
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Danske Daily - 19 June 2013
Published 06/19/2013, 08:45 AM
Updated 05/14/2017, 06:45 AM
Danske Daily - 19 June 2013
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