Riksbank sees need for expansionary policy, despite rising inflation
Inflation in Sweden is now close to target and expected to overshoot
Sveriges Riksbank's latest monetary policy report emphasises the risks to the outlook despite inflation that is close to target and expected to overshoot.
Despite a global recovery, political uncertainty calls for a need to keep policy expansionary, the Swedish central bank said today (February 15). Its executive board voted to hold the policy rate at –0.5%, continue asset purchases until mid-2017 and extend the mandate allowing swift intervention in the foreign exchange market.
The report
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