Riksbank
A Fourth Rate Hike in Sweden
December 15, 2010
A fourth 25-basis point repo rate hike to 1.25% was announced by the Riksbank and will become effective a week from today. Minutes of this week’s Executive Board meeting, where policymakers again split 4-2 in favor of the rate increase, will be published January 3rd. Earlier tightenings of 25 basis points each followed meetings on […] More
Previews: Swedish Riksbank and Bank of Canada
October 18, 2010
Monetary policymakers are holding their penultimate interest rate meetings of 2010 this week and will be announcing their decisions on Tuesday. Each of these banks has begun to normalize interest rates, but neither is likely to extend that process at this time. Sweden’s repo rate will hold at 0.75%, and Canada’s overnight money rate should […] More
Swedish Riksbank Policy Remains on Hold
April 20, 2010
Swedish central bank policymakers left their key repo rate at 0.25%, its level since July 2009, which was what analysts predicted. They released new forecasts, cutting projected headline CPI inflation in 2010 and 2011, reducing 2009 and 2010 growth, but leaving the projected repo rate path as it was. A statement indicates that the onset […] More
Weaker Yen and Dollar
April 20, 2010
The dollar gained 0.8% against the yen overnight but otherwise has fallen 1.2% against the Australian dollar, 0.8% versus sterling, 0.7% against the Canadian dollar, 0.5% relative to the kiwi, and by 0.3% against the Swissie and euro. Investors have been reassured by good earnings reports. Chinese stocks buckled another 3.1% in the face of […] More
Dollar Weaker on Lessening Investor Fear
February 11, 2010
The U.S. dollar slumped 1.5% against the Australian dollar, 0.8% versus the kiwi, 0.4% against the yen and Canadian dollar, and 0.1% against the euro and pound. The Swiss franc is unchanged against the dollar. EU leaders are meeting today. Markets assume that aid to avert a Greek default and to lay a framework for […] More
No Change in Swedish Monetary Policy
December 16, 2009
As analysts predicted, the Riksbank repo rate was left at 0.25%, and the projected future path of that rate was also not changed. That forecast anticipates no increase in central bank rates until the final quarter of 2010 and a subsequent climb to 2.4% by 4Q11 and 4.1% in 4Q12. Quantitative easing in via fixed […] More
