A Third 25-Basis Point Rate Hike in Sweden

October 26, 2010

The Riksbank followed up increases on July 1 and September 2 with a third 25-bp repo rate increase to 1.0% and released a statement that a) revised projected 2010 and 2011 growth higher, b) scaled back projected consumer price inflation in 2011 and 2012, and c) depicted a lower projected repo rate path than shown […] More

Swedish Riksbank Repo Rate Lifted After Majority Vote

September 2, 2010

The first tightening on July 1 doubled the repo rate to 0.5%, and today’s action raises such by an additional 25 basis points.  The Riksbank is one of few central banks to publish a predicted future path of its own policy rate.  The trajectory — 0.9% in the fourth quarter, 2.1% in 3Q11, 3.1% in […] More

Dual Messages from the Swedish Riksbank as Initial Rate Hike is Made

July 1, 2010

By a 4-2 vote, the Executive Board agreed on Sweden’s first rate hike of the cycle, doubling the repo rate to 0.50% and thereby restoring such to a level last seen from April to early July of last year.  Officials also noted that three low-costing central bank loans, which expired yesterday, would not be replaced, […] 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

Poland and Sweden

February 24, 2010

Narodowy Bank, Poland’s central bank, left its seven-day reference rate at 3.5% as expected.  The key rate has been at that level since a 25-basis point cut last June, which culminated 250 bps of easing in six moves over seven months.  A statement from Policy monetary authorities unveiled new forecasts that are somewhat higher on […] More