Swedish central bank announces end to net asset purchases
Sveriges Riksbank forecasts it will not raise rates until 2024, saying inflation rise is temporary
Sweden’s central bank announced it will not raise interest rates until 2024, in new forward guidance provided in its latest monetary policy statement.
Sveriges Riksbank’s executive board held the repo rate at 0% today (November 25), despite a rise in inflation in October. The consumer price index with a fixed interest rate (CPIF), rose year-on-year to 3.1% last month, above the Riksbank’s target level of 2%.
“Monetary policy affects the economy with a time lag and needs to disregard changes in
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