Swedish CB Says Nearly Time for Tightening
Swedish CB Says Nearly Time for Tightening

Swedish CB Says Nearly Time for Tightening

Swedish CB Says Nearly Time for Tightening

Sweden’s central bank says a shift away from ultra-loose monetary policy is coming, but the board is split over when and how fast it should move, minutes of the latest policy meeting, published on Wednesday, showed, Reuters reported. In December, the Riksbank signaled the beginning of the process of ending three years of negative rates and bond purchases. “We have come a little closer to the point in time when monetary policy is expected to change direction, but we are not there yet,” Governor Stefan Ingves said in the minutes. However, there is a growing divide among rate-setters about how quickly policy should be normalized. While Ingves was supported by Deputy Governor Per Jansson, fellow board member Henry Ohlsson said an improved inflation picture meant that the Riksbank could start to hike the benchmark repo rate early this year. Deputy Governor Cecilia Skingsley also pointed to more room for the Riksbank to deviate from the relatively dovish policy being pursued by the European Central Bank, whose moves impact Sweden.


Short URL : https://goo.gl/my6s9B
  1. https://goo.gl/KGuZaM
  • https://goo.gl/nB15Zm
  • https://goo.gl/E39AJW
  • https://goo.gl/UT7KE7
  • https://goo.gl/u2fcVq

You can also read ...

Philippines May Suspend Excise Taxes on Petroleum Products
The Philippine government will suspend the collection of...
Jordan Approves New IMF-Guided Tax Law
Jordan’s cabinet on Monday approved major IMF-guided proposals...
US, China are nearing a deal to remove American sales ban against ZTE.
US President Donald Trump retreated from imposing tariffs on...
Dubai Bank to Buy Turkey’s Denizbank for $3.2 Billion
Dubai’s biggest lender the National Bank of Dubai has agreed...
At present, the majority of investments are still being done in oil-gas and traditional industries while there is still almost no SME sector in the country.
While Saudi Arabia’s latest budget figures show progress in...
IHS Markit to  Buy Rival Ipreo  for $1.8 Billion
Data firm IHS Markit Ltd. said it will buy smaller rival Ipreo...
SBI Reports Record $1.1b Loss
State Bank of India reported a loss of Rs. 7,718 crore ($1.1...
EU, Mercosur Discuss Trade Deal
The European Union and South America’s Mercosur bloc could...

Add new comment

Read our comment policy before posting your viewpoints