We recommend investors to BUY NOKSEK

Review: the BoE Minutes diffuses the “Carney effect”. The US: Fed chief without new aces up his sleeve. Yesterday’s announcement from the Fed did not offer any surprises. The same can be said about the subsequent comments by Bernanke, which still signal that the Fed will be prepared for some time to offer QE3 without any fixed expiry. The actual comment after the Fed meeting did, however, recognise the recent “signs of spring” in the economy and signalled early improvement of the job market.

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We recommend investors to BUY NOKSEK