At its 18 April monetary policy meeting, the Central Bank (Riksbank) left its repo rate unchanged at 1.50%, in a decision that was expected by market analysts. Monetary authorities had cut the policy rate by 25 basis points at its last two previous meetings in February and December. The Central Bank's decision aims at supporting economic recovery at home amid a low-inflation environment. The Riksbank sounded relatively upbeat about the Swedish economy, stating that both domestic demand and exports should increase going forward, after GDP plunged in the last quarter of 2011. Still, according to the Central Bank, economic growth will be lacklustre this year. In addition, the Bank noted that Euro area economies remain vulnerable and their performance is expected to be weak in the short run. Regarding price developments, the Riksbank acknowledged that
Sweden Monetary Policy
Riksbank maintains repo rate at 1.50%
April 18, 2012
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Note: Riksbank Repo Rate in %.
Sweden Economic News
October 11, 2016
In September, consumer prices inched up 0.2% from the previous month, contrasting August’s 0.1% drop and falling short of market expectations of a 0.5% increase.
October 5, 2016
Industrial production dropped 4.1% from the previous month in seasonally-adjusted terms in August.
September 20, 2016
The Swedish economy lost steam in the first half of this year in comparison with 2015, although it remained amongst the best performing Nordic economies, which are suffering as the stagnation in global demand puts the brakes on their key exports sector.
September 13, 2016
In August, consumer prices inched down 0.1% over the previous month, contrasting both July’s 0.1% increase and market expectations of a flat reading.
September 7, 2016
At its 6 September policy meeting, the Riksbank decided to hold its repo rate at a record low of minus 0.50%, as expected by the market, and postponed the future interest rate hikes it had planned, which are now set for the second half of 2017.