Riksbank’s Svensson concedes further cuts unlikely
Lars Svensson, a deputy governor of the Riksbank, on Tuesday explained his decision to advocate an extended low repo rate of 0.25% until the end of the fourth quarter of 2010, retracting earlier calls to further cut rates.
Previously, Svensson advocated a more expansionary monetary policy with a lower repo rate and a lower repo-rate path as such a repo-rate path would, he argued, lead to better resource utilisation and a better attainment of the inflation target without threatening financial
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