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- The Executive Board of the Riksbank has decided to hold the repo rate unchanged at −0.50%
The Executive Board of the Riksbank has decided to hold the repo rate unchanged at −0.50%
"Economic activity is strong and inflation is approaching 2 per cent. The Riksbank's monetary policy has contributed to this. But it has taken time to bring up inflation and a continued expansionary monetary policy is required for it to stabilise around 2 per cent. The Executive Board of the Riksbank has decided to hold the repo rate unchanged at −0.50 per cent. The first rate increase is not expected to be made until the middle of 2018, which is the same assessment as in April. The purchases of government bonds will continue during the second half of 2017, as decided in April.
International economic activity is increasing in line with the Riksbank's forecasts. The risk of setbacks has declined, although there is still economic and political uncertainty in many parts of the world. Global inflationary pressures are still subdued and monetary policy abroad is expansionary".
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