Two Riksbank Stops Open the Way for a New Interest Rate Hike as Early as December
4 Articles
4 Articles
The Riksbank leaders are clear that the key interest rate needs to be raised further, but there are mixed signals about when. This is evident from the minutes from last week's interest rate meeting. In addition to high energy prices and a strong economy, two of them are also concerned about inflationary impulses in the wake of the AI boom.
The Riksbank's Executive Board agrees that the strengthening Swedish economy and increased inflationary pressure justify a higher policy rate. All five members of the Executive Board supported the decision on 3 November to raise the policy rate by 0.25 percentage points to 2 percent. This is stated in the minutes of the monetary policy meeting.
The board unanimously decided on the first rate hike in three years last week, minutes from the meeting show. And two members are signaling that they can see reasons for another hike as early as December.
It was a unanimous decision by the Executive Board to raise the key interest rate for the first time in three years last week, minutes from the meeting show. And two members are indicating that they can see reasons for another increase as early as December. The five members of the Riksbank's Executive Board, including head Erik Thedéen, support the interest rate path from the September meeting, which means that they expect further monetary polic…
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