Swiss CB to End Stimulus Program
Swiss CB to End Stimulus Program

Swiss CB to End Stimulus Program

Swiss CB to End Stimulus Program

Forget interest rate cuts. Forget additional bond purchases. That’s the message from all analysts surveyed by Bloomberg ahead of this week’s policy meeting by the Swedish central bank. Looking beyond the Wednesday announcement, most analysts say the Riksbank’s next move will be to raise rates from their record low of minus 0.5% and continue to phase out its bond-buying program. Inflation has risen steadily over the last year and is now close to the bank’s 2% target on the back of a weakening currency and rising energy prices. The Riksbank’s aggressive stimulus and threats of currency interventions have successfully turned around inflation expectations. Meanwhile, optimism among households and companies has been fueled by falling unemployment and an economic growth rate of 3.5% in the first nine months of 2016. An index measuring consumer and business confidence rose to its highest level in more than five years in December. The Riksbank also risks becoming a victim of its own success. Speculation that it’s close to ending its stimulus program has strengthened the krona, in turn threatening its inflation target. 


Short URL : https://goo.gl/AhJBcI
  1. https://goo.gl/m3rHCP
  • https://goo.gl/mIB2ok
  • https://goo.gl/x9R1ej
  • https://goo.gl/aNPlbY
  • https://goo.gl/gxdkUg

You can also read ...

All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
IMF Cautions Kenya on Rising Debt
The International Monetary Fund has cautioned that Kenya’s...
The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...
Credit Tightening Dominoes Threaten Asia With Hidden Risks
With Asia’s economies humming along, consumer prices rising...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.