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Press release published at The Swedish Wire
It was noted at the meeting that the Executive Board members agreed that inflation is low and that growth in Sweden will be weak this year and then pick up speed in 2013. However, there were differing opinions as to how expansionary monetary policy in Sweden needs to be to stabilise inflation and resource utilisation. The majority of the Executive Board members supported the proposed repo-rate path and decided to hold the repo rate unchanged at 1.50 per cent. However, two members entered reservations against the decision and preferred cutting the repo rate by 0.5 percentage points and a lower repo-rate path than described in the Monetary Policy Update.
You can read the full minutes of the monetary policy meeting held on 17 April in the PDF file below.
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