Riksbank maintains tightening plans despite lower rates globally
Sweden’s central bank adds it will increase rates at a slower pace than it planned earlier in 2019
Sveriges Riksbank has maintained its plans to increase interest rates over the coming months in spite of the adoption of looser policies globally this year.
After its monetary policy meeting on September 5, the Riksbank’s executive board kept the repo rate unchanged at –0.25%. But it reiterated its intention to continue with the policy normalisation initiated in December 2018. Back then, the Swedish central bank increased interest rates for the first time since 2011.
“As before, the interest
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