STOCKHOLM (Reuters) – Members of the Swedish central bank’s rate-setting board said growing uncertainty about the global economy and potential monetary policy shifts abroad could influence future Riksbank moves, minutes of its latest meeting showed on Friday.
The six-member board was unanimous its decision to hold rates at -0.25% this month, but the minutes showed them voicing caution about the effect of any loosening of monetary policy in the far larger U.S. and eurozone economies.
Markets - Banks - Policy - Direction - Riksbank
“If the markets are right, the major central banks may turn their monetary policy around, into a more expansionary direction,” Riksbank Governor Stefan Ingves said in the meeting minutes.
“If this is the case, we will need to take a stance at our future monetary policy meetings on what it means for monetary policy in Sweden.”
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Yet many economists believe it may have missed its window to embark on any significant...
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