Swedish krona expected to be pegged to euro at about SEK8.75
Published:
17 May 2003 y., Saturday
The Swedish krona is expected to be pegged to the euro at around SEK8.75 to SEK8.80 if Swedes vote in favour of the European single currency in September.
In a Reuters poll of 14 analysts, the forecasts ranged between SEK8.40 and SEK8.90 per euro and the mean forecast was for an ERM-2 central parity rate of SEK8.75 per euro.
Half of the poll's respondents said that they expected Swedes to vote in favour of the single currency in the 14 September referendum. Of the rest, four thought that a rejection of the euro was more likely and three declined to give a prediction.
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