The Riksbank, Sweden’s central bank, announced its July monetary policy decision and left interest rate unchanged at -0.50%. Below are some of the key highlights from the central bank’s monetary policy report, published this Tuesday.
Key points:
“¢ Rate increases may start towards the end of the year.
“¢ Inflationary pressures are moderate.
“¢ Deputy Governor Floden entered a reservation against repo rate path in the report.
“¢ Floden advocated a repo rate path that indicated an initial increase of repo rate by 0.25% in September or October.
“¢ An excessively rapid appreciation of SEK would make it difficult to stabilize inflation.
“¢ SEK expected to strengthen gradually in the coming years.
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