Being taken into effect tomorrow, the Swedish CB (Riksbanken) will lower the repo interest from 1.25% to 1.00%.
The Norwegian CB (Norges Bank) plans to issue a statement to the press at 1400 hours tomorrow, December 19th 2012.
No plans have been heard so far from either the Danish CB (Nationalbanken) or Finnish CB (Soumen Pankki).
Interesting, particularly in respect to the unchanged ECB interest rate!
This does speak to a localized Nordic phenomenon, having very little to do with the current Spanish and Greek crises. Alternatively known as the Greek hernia among olive growers – Or what ever specific buzz words CB’s produce when they are sweating.
This does make an educated guesser look elsewhere:
Nordea Bank AB (STO:NDA-SEK) has been very much in focus this quarter: SAS debacle, the issue of about 50 bio. USD in business bonds in Sweden this year by 3 major banks.
Perhaps this has more to do with Nordea Bank AB (STO:NDA-SEK) than anything else, though.