» Central Bank Outlook: Sweden Policy Surprisingly Eased Decision Economics

Central Bank Outlook: Sweden Policy Surprisingly Eased

Posted September 6, 2012 by rvillareal

  • Surprising most, the Riksbank cut its key repo rate by 25 bp to 1.25% after its latest Board meeting. This unexpected cut came after stable policy decisions at both the April and July meetings but echoed the successive cuts seen in February and last December. In addition, and perhaps more notably, the new projections detailed in the accompanying Monetary Policy Update for the repo rate pointed to somewhat softer interest rate outlook than that outlined back in July, with the key rate staying at (now lower) current level until the middle of next year, then rising a little more slowly towards 3%, but not until late-2015.
  • Not yet a Decision Economics member?  Click here to register for a FREE 30 day trial.  

    If you are already a member, click here to login.