Swedish monetary policy

Swedish Riksbank

September 4, 2014

Sweden’s repo rate, which had been cut by 50 basis points on July 3 to 0.25%, was left unchanged at this week’s subsequent meeting of the Riksbank Executive Board. ¬†Between December 2011 and December 2012, four cuts took the repo rate down to 1.0% from 2.0%, and a fifth reduction was administered in December 2013. […] More

Swedish Riksbank Keeps 1.0% Repo Rate Level

July 3, 2013

The repo rate needs to remain low to support the economy and enable inflation to rise to the target of 2 per cent.  Gradual increases in the repo rate are expected to begin during the second half of 2014, as assessed earlier. The future repo rate path was not changed either after the latest Riksbank […] More

Riksbank Executive Board Retains 1.0% Swedish Repo Rate but Lowers Projected Future Rate Path

April 17, 2013

The repo rate needs to remain at a low level for a longer period of time to support the recovery to ensure that inflation rises towards the target. …Gradual increases in the repo rate are not expected to begin until the second half of 2014, which is around a year later than the earlier forecast. […] More

Swedish Monetary Policy Eased but Officials Expect No Changes Next Year

December 18, 2012

A 25-basis point cut in the Riksbank repo rate to 1.0% announced this morning was accompanied by rate guidance that 1.0% is likely to be both the average and endyear rate level in 2013. Risks around that level are balanced.  Today’s action had been anticipated and followed earlier 25-basis point cuts in December 2011 and […] More

Swedish Riksbank Retains Accommodative Monetary Stance

October 25, 2012

The Executive Board’s latest economic review of Sweden resulted in downward revisions to projected growth and inflation for 2012, 2013, and 2014 as shown below.  Inflation will continue to undershoot the 2% target by a wide margin next year because of “low cost pressures in recent years and earlier strengthening of the krona.”   2012 […] More

Swedish Riksbank Repo Rate Cut to 1.25% from 1.50%

September 6, 2012

In a somewhat surprising move, the Executive Board of central bank in Sweden cut its main interest rate for the third time in five meetings.  The first cut since July 2009 was announced in December 2011 and followed by an easing at the subsequent meeting in February.  The policy modification was driven by a new […] More