Riksbank leaves rates unchanged at -0.5%
Growing dissent as two of six board members advocate tighter policy
The executive board of Sveriges Riksbank left the key repo rate unchanged at –0.5% after its meeting today (July 3).
Most policymakers think an expansionary monetary policy is still needed to make sure inflation remains close to the 2% target. “Measures of underlying inflation, which provide an indication of where inflation is heading, still suggest that inflationary pressures are moderate,” says the central bank in its policy statement.
However, two members of the six-person policy body
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