Riksbank United Ahead of Possible Interest Rate Hikes Against Rising Inflation
4 Articles
4 Articles
The Riksbank wants to raise interest rates. But there is uncertainty about when. However, two of the members are sure of their cause.
Swedish Central Bank Deputy Governor Per Jansson said that the combination of increasing demand and supply constraints and shortages poses a risk to inflation. This statement, coming after the bank kept its policy rate at 1.75%, has brought the possibility of future rate hikes back to the forefront.
The Riksbank's Executive Board agrees that it is soon time to start tightening the Swedish economy with a higher policy rate to dampen inflationary pressure, according to the minutes from the interest rate meeting in Gothenburg last week. Deputy Governor Per Jansson sees "a normalization of interest rates in an economy that is developing gradually better". "The forecast revision is not insignificant but not dramatically large either", he says ac…
The Swedish economy is starting to gain more momentum.
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